Texterity Inc PRESS RELEASE
    
 
  PRESS RELEASE

 

Texterity, Leader in Digital Magazines, Closes Funding with Massachusetts Technology Development Corp.

SOUTHBOROUGH, MA, September 20, 2005 – Texterity, Inc., the fastest-growing provider of systems and services for the creation, delivery, and tracking of digital editions of magazines, announced today that it has closed a round of funding with Massachusetts Technology Development Corporation (MTDC).

“We are pleased to have MTDC as an investor,” said Martin Hensel, President of Texterity. “This funding is a valuable step to deliver on our vision for digital delivery of magazines and value-added publishing services.”

The funding will be used to accelerate the development of the Texterity services, as well as expand the marketing and sales groups. There are significant enhancements planned for the existing solutions, including new versions for international markets.

MTDC joins Venture Capital Fund of New England, Brook Venture Funds, and Capital Risk Management as investors in Texterity.

About Texterity

Texterity (www.texterity.com) ) is the fastest-growing provider of systems and services for the creation, delivery, and tracking of digital editions of magazines. Texterity today serves a wide range of publishers in the consumer and trade categories, including Meredith Corporation, Dow Jones & Co., Time Inc., Condé Nast, Penton Media, CMP, Ziff Davis Media, IDG, PennWell, Northstar Travel Media, EH Publications, Fawcette Technical Publications, Rogers Media, Stevens Publishing, Morris Magazines, GIE Media, Hanley Wood, Grand View Media, and Microsoft Corporation. It is privately held and headquartered in Southborough, MA.

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