NewsGator raises $12 million

 

 
NewsGator have raised a $12 million led by a new investor, Vista Ventures, and supported by existing investors Mobius, Venture Capital, and Masthead Venture Partners. This brings the total raised by NewsGator to $30 million over three rounds.

NewsGator helps individuals and businesses improve the way they find information and communicate internally and externally. They offer a wide range of RSS aggregation products and social media tools.

• NewsGator Enterprise Server helps organizations take news and updates from the Web, the blogosphere, premium content providers and internal applications and systems and automatically deliver it to places where their employees can easily find and use it ─ portals, mobile devices, their desktops or preset folders in Microsoft Outlook or Lotus Notes. We also offer Enterprise RSS via a hosted service and integrated Enterprise 2.0 suite.

• NewsGator Syndication Services provide a widget framework for newspapers, magazines and other online content providers to increase page views and improve audience engagement through the use of interesting text, audio and video content.

• The RSS readers for individuals including FeedDemon (Windows), NetNewsWire (Mac), NewsGator Inbox (Microsoft Outlook), NewsGator Online (Web) and NewsGator Go! (Mobile) make users more productive and informed by consolidating news and information in one place.

NewsGator CEO J.B. Holston said:

Over 1 million folks rely on NewsGator daily – whether through FeedDemon, NetNewsWire, our mobile applications, our enterprise server at 12 of the Fortune 100 (and many more companies), or readers of over 50 sites who work with our content and widgets (USA Today, CBS News, etc etc).

He confirms that NewsGator’s main sources of revenues come from licensing its software to enterprises and monthly service fees from media and consumer-products companies. The new investment will go towards strengthening its position “in the enterprise RSS space,” and he expects this will get the company to a breakeven point on profits.

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