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Latest Webhancer News

Announces US$13 Million Financing Round.." The Free Library.

Jul 30, 2013

<a href="</a> Citations: MLA style: "webHancer Corp. 2000 Business Wire 03 Jun. 2015 Chicago style: The Free Library. S.v. Announces US$13 Million Financing Round.." Retrieved Jun 03 2015 from APA style: webHancer Corp. Announces US$13 Million Financing Round.. (n.d.) >The Free Library. (2014). Retrieved Jun 03 2015 from Business & High Tech Editors OTTAWA, Canada & SAN JOSE, Calif.--(BUSINESS WIRE)--June 7, 2000 Venture capital firms VIMAC and Jefferson Partners to lead backing Coinciding with its one year anniversary, webHancer Corp., the industry pioneer in end customer-focused Internet performance management solutions, today announced that Boston-based Venture Investment Management Company (VIMAC) has agreed to lead a US$13 million venture capital financing round, working with Toronto-based Jefferson Partners as the Canadian co-lead. As part of the round, webHancer has also secured conditional agreements with several other leading U.S. and Canadian venture capital firms and strategic industry partners, expected to be announced next week. webHancer will use the funding to aggressively grow its sales and marketing efforts throughout North America, establish a global footprint through new offices and bolster its research and development program. According to webHancer president Bruce Linton: "Today marks the culmination of an incredible first year for webHancer. This company is founded on the philosophy that when doing business over the Internet, the quality of customer experience is everything. Simply put, an effective, responsive Web site means the difference between capturing a customer's loyalty and having them surf to the competition. The relationships we've generated with a first-rate roster of investment partners and venture capitalists strongly endorse webHancer's strategic direction and position us for even greater success and growth. " "A customer's poor experience on a company's Web site can literally mean loss of business," said Neal Hill, managing director of VIMAC. "And yet no other player on the market today is measuring Web site performance from the end user's perspective. That perspective is what webHancer is built on, and it's why we feel this company can be a huge winner. It's a pleasure for us to be working with such a strong management team, and to be partnering with such leading Canadian venture firms and corporate investors. " About webHancer Founded in 1999, webHancer is an Application Service Provider (ASP) that delivers Web infrastructure performance monitoring, analysis, and optimization. The company has created the first telecom-class performance data collection and analysis software and services portfolio that captures and transforms the end-to-end Web experience of real customers, dramatically improving the performance of e-business infrastructures to maximize customer quality of experience. Located in San Jose, California, and Ottawa, Canada, webHancer is online at About Jefferson Partners Jefferson Partners has assisted entrepreneurs to acquire and build more than 50 companies into successful organizations in a wide range of industries. Jefferson does not seek control, but rather seeks to make a significant contribution in areas that are essential to instilling, maintaining and managing dynamic growth. Jefferson's involvement is predicated on strong working relationships with company principals and management, mutually shared objectives and a thorough working knowledge of the business. As a result, Jefferson is able to tailor its involvement to suit the circumstances specific to each step in the evolution of a dynamic company. About VIMAC Founded in 1982, Venture Investment Management Company LLC (VIMAC) is a Boston-based venture capital firm that focuses on early-stage investments in companies based in the Eastern U.S. and Canada. VIMAC currently manages a portfolio of 22 investments, concentrated in software and services, Internet infrastructure and communications. Recent investments have included IPeria, Inc.,, iMPath Networks and Bizfon, Inc. COPYRIGHT 2000 Business Wire No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company. Reader Opinion

Webhancer Frequently Asked Questions (FAQ)

  • What is Webhancer's latest funding round?

    Webhancer's latest funding round is Other Investors.

  • Who are the investors of Webhancer?

    Investors of Webhancer include Jefferson Partners and VIMAC Ventures.

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