Site9 lands $1.1 million in venture capital
Software markets to interactive, advertising and web developers
Jul. 25, 2006 12:00 PM
Site9, Inc., whose software tools allow companies to quickly develop and launch next-generation web sites, today announced it has received $1.1 million in venture capital funding led by Mount Hood Equity Partners of Lake Oswego, Oregon. The funding enables Site9 to further develop its software and market it to interactive, advertising and web development agencies who will use it in designing and deploying websites nine times faster with 60 percent less resource.
"This capital will help us get our incredibly efficient web development tools into the hands of more companies," said Don Carter, president and CEO of Site9. "We're very excited to show advertising and interactive agencies how easy they can quickly build very complex web sites for their clients. And their clients will love how they'll keep the sites updated without the headaches typically associated with content-rich sites."
Site9's software lets a company easily build a dynamic web site from scratch without templates or take an existing site and automatically integrate it onto the Site9 platform. On the Site9 technology platform, features are easily added and content management tools are included. Next-generation features like social networking, podcasting, video-on-demand, RSS feeds, AJAX interfaces, and blogs are integrated into the tool, so adding them to a site is a snap. Furthermore, changes are automatically made across multiple pages that are optimized for search
"Site9's suite of tools are unlike anything we've ever seen," said Steve Karakas, partner at Nonbox, a leading marketing communications company. "It's amazing to see how fast Site9's software can build a feature-rich site from scratch or take an existing site and give it Web 2.0 features. This technology will help us focus more on what we do best for our clients: think creatively and build brands."
Bob Wiggins, managing partner of Mount Hood Equity Partners, said, "Site9 has the imaginative approach and excellent management track record that our fund looks for in companies. Our investment will support the company's expansion of its operations, sales and marketing and engineering teams." Wiggins continued, "We see a huge opportunity for Site9 in the web development space. It's a demanding and competitive market where only the ingenious will survive. We believe Site9 is at the cutting edge of its industry."
About Mount Hood Equity Partners
Mount Hood Equity Partners, L.P. is an active private equity firm that invests in early stage Pacific Northwest companies. Mount Hood is managed by Bob Wiggins, a well-regarded member of the Pacific Northwest entrepreneurial community, through Mount Hood Equity Management, LLC. He is assisted by an active Advisory Board that includes Tom Holce, Milt Mittelstedt and Jim Coonan. Mount Hood expects to have a nine-year life. Investors in Mount Hood, which includes high net-worth individuals and families, each have made a capital commitment, which will be called by Mount Hood as needed, over the life of the Fund.
About Site9, Inc.
Founded in 1998 by web developers and programmers, Site9, Inc, has evolved into an early-stage software company that is creating a new technology and development platform for designing, deploying and managing powerful, next generation eCommerce and business-to-business websites. For advertising agencies, it means providing clients with the latest features and functionality in less time with vastly better margins. For businesses large and small, the software tools keep websites fresh and lively, yet are incredibly easy to use. The company also provides interactive marketing services to a nationwide customer base.