TheInfoPro Receives $7.25m Investment

In the US, IT sector market intelligence supplier TheInfoPro (TIP) has raised $7.25m in investment funding which it plans to use to expand sales, marketing and development.

Created in 2002 by alumni of Gartner, EMC, Giga and Bell Labs, TIP provides quant-based, 'voice of the customer' research on key IT issues. It conducts interviews within a network of buyers and users of IT, and today its TIPNetwork comprises more than 1,800 IT decision-makers, spanning 900 companies. In addition, the firm recently introduced its PEERNetwork program, which enables IT professionals to benchmark themselves against their peers.

Edison Venture Fund led the investment, and its Principal and Investment Manager Ryan Zigler and Edison Director Network members Manu Bammi and Tom Dent have joined the TIP Board as part of the deal.

'Edison's guidance and value-added services will contribute to our accelerated pace,' stated TIP CEO Ken Male. 'Its network of industry contacts makes Edison the right strategic and financing partner to build a market leader.'

Headquartered in New York City, with offices in San Francisco, and Boston, TIP is online at www.theinfopro.net .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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