Boulder, CO (PRWEB) April twenty, 2011
Lijit Networks, Inc., an innovative provider of custom made web site search, reader engagement instruments, and advertising remedies for online publishers, right now introduced it has closed $ 10 million in financing. This round of funding is led by new trader Highway twelve Ventures and consists of active traders Foundry Team, Boulder Ventures and Colorado Fund I, managed by Large Country Enterprise.
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Transactions on Lijits marketing services platform have grown 74% considering that Q4 2010. The Lijit publisher network now incorporates far more than 17,000 web sites, 1.five billion pageviews a month, and above 106 million unique visitors for each thirty day period. The newest spherical of funding will be utilised to accelerate expansion of the companys publisher network and to gas the continued adoption of its on the internet marketing solutions.
Influential midsize publishers are exceptionally important to leading advertisers based on the highly engaged audiences they entice. Lijit serves this section of publishers with progressive resources, analytics, and monetization options to Google AdSense, stated Mark Solon, Managing Partner, Highway twelve Ventures. Lijit is rapidly turning into the business spouse of selection to these publishers and have been thrilled to make an investment in Lijit at this evident inflection position in the companys expansion.
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Lijit has designed 1 of the largest aggregated audiences on the internet. As a result of the accelerating progress of our network we now have the scale to supply high quality advertisers the audiences they need to have, mentioned Todd Vernon, CEO and founder of Lijit Networks. Ended up proud to have so much support from our current investors and to add new trader Highway twelve Ventures who plainly shares our vision for supporting online publishers interact their visitors and make much more funds.
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About Lijit Networks, Inc.
Lijit Networks, Inc. was integrated in June 2006 and is headquartered in Boulder, Colorado. By offering progressive content material discovery and lookup tools to about 17,000 individual publishers, commercial net websites and content material networks, Lijit technologies assist publishers make more cash, enhance reader engagement, lengthen time on web site and enhance web page views. Lijit connects publishers with premium on-line marketing campaigns, which are extremely focused and contextually pertinent to the publishers viewers and readership. Discover much more at http://www.lijit.com.
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Lijit, the Lijit Networks logos and all other Lijit Networks merchandise or support names are trademarks or registered trademarks of Lijit Networks, Inc. All other names and trademarks are residence of their respective proprietors.
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