The funding will fuel the continued expansion of sales and marketing as well as the existing service offerings which have received acclaim among B-to-B sales and marketing decision makers as the most accurate and targeted contact data in the market today. Over the past year NetProspex has grown its customer base by more than 150 percent, achieved steady quarterly revenue growth, and increased its database to more than 16 million business contacts.
"We are pleased to announce the completion of our funding round with Edison Ventures, which has a long-established track record of elevating emerging companies to the forefront of the technology landscape," said Gary Halliwell, CEO of NetProspex. "We feel that Edison is the ideal partner for us, as they see the massive potential and opportunity that exists in the Data as a Service space, and together, we share the same drive and commitment to delivering a new level of innovation, accuracy, and effectiveness to sales and marketing decision makers in today's environment."
NetProspex plans to enhance its enterprise service offerings, including its trademark CleneStepTM verification process and its recently launched SocialStepTM platform, both of which have become renown for raising the bar on data quality and uniqueness in the sales prospecting world. NetProspex also plans to utilize the latest round of funding to develop and launch several new products to its suite of services.
"A stellar management team is driving break-out growth in an emerging market," stated Ryan Ziegler, Principal of Edison Ventures. "Customers and partners praised NetProspex data quality and breadth of contacts," added Tom Vander Schaaff, Vice President, who led Edison's diligence.
This announcement is the first in what is expected to be a series of product enhancements, new launches and continued growth of NetProspex's database and customer base. For more information on NetProspex and to follow the company as it announces upcoming news, please visit: www.NetProspex.com.
