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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