ExactTarget Adds Technology Crossover Ventures to Board of Directors

Posted November 20th, 2009 by ExactTarget
in
ExactTarget's picture

Release Date:2009-11-20

Venture Firm Brings Experience Leading Growth of Tech Companies Netflix, Expedia

INDIANAPOLIS (Nov. 20, 2009)– 

ExactTarget

, a global provider of on-demand email marketing and one-to-one marketing solutions, announced today that 

David Yuan

of 

Technology Crossover Ventures

(TCV) has joined its board of directors following an investment in the company by the Silicon Valley-based venture fund.

TCV is one of the nation’s largest technology-focused venture capital firms with a portfolio of privately held and public companies including Netflix, eHarmony, Expedia and Fandango.

"David and the TCV team bring tremendous experience leading the explosive growth of top-tier software and technology companies," said Scott Dorsey, co-founder and chief executive officer of ExactTarget. "David’s leadership and depth of experience will be invaluable to our team as we look to broaden our product platform and expand internationally."

David is a principal at TCV and joined the firm in 2005. He previously served as a senior associate at JPMorgan Partners, where he focused on enterprise software and internet investments. He also served in various strategy and business development roles at SAP, VMWare and Bain & Company.

Yuan, who currently serves on the board of Seismic Micro-Technology, holds an A.B. in Economics from Harvard University and an M.B.A. from Stanford Graduate School of Business.

"ExactTarget’s experienced and talented management team have built a clear industry leader for email marketing and one-to-one marketing solutions," said Yuan. "We are excited to help ExactTarget extend its leadership and capitalize on the exciting growth opportunities in the online marketing sector."

Since its inception in 1995, TCV has guided more than 40 companies through initial public offerings and currently has more than $7.7 billion under management.

About TCV

 

Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. With $7.7 billion in capital under management, TCV has made growth equity and recapitalization investments in over 160 companies leading to 45 initial public offerings and more than 30 strategic sales or mergers. Representative investments include Altiris, eHarmony, Expedia, Fandango, Liquidnet, Netflix, RealNetworks, Redback Networks, Solect Technology, TechTarget, Travelport, Webroot, and Zillow. TCV has 11 partners and is headquartered in Palo Alto, California. For more information about TCV, visit

 

www.tcv.com

.

About ExactTarget

ExactTarget is a leading global provider of on-demand email and one-to-one marketing solutions. The company’s software as a service technology provides organizations a single platform to connect with customers via triggered and transactional email, integrated text messaging, voice messaging, landing pages and social media.  Supported by collaborative global services teams, ExactTarget’s technology integrates with more sales and marketing information systems than any other in the industry, including Salesforce.com, Microsoft Dynamics CRM, Omniture and Webtrends among many others. ExactTarget’s software powers permission-based multi-channel communications for thousands of organizations around the world including Expedia.com, Aurora Fashions, Papa John’s, CareerBuilder.com, Gannett Co., Inc., The Leukemia & Lymphoma Society, The Home Depot and Wellpoint, Inc. For more information, visit

 

www.exacttarget.com

or call 1-866-EMAILET.

-30-

Media Contacts:
Mitch Frazier (ExactTarget) – 317.275.5034 or 

mfrazier@ExactTarget.com

 

Lauren Sanders (Dittoe PR for ExactTarget) – 317.202.2280 X 10 or 

lauren@dittoepr.com

 

Shifali Erasmus-Bhagat (Kinetic.PR for TCV) – 650.315.7526 or 

shifali@kineticprllc.com

News Source : ExactTarget Adds Technology Crossover Ventures to Board of Directors


CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
12 + 8 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Copy this html code to your website/blog and link to this press release.

Contact Author

Contact this user
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
3 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.