Published: July 13, 2005
Omniture Closes $40 Million Funding Round
Largest and Fastest-Growing On-Demand Web Analytics Company Secures Growth Capital to Transition Into a Leader in the Online Marketing Services Market
Omniture, the largest and fastest-growing provider
of on-demand Web analytics, today announced it has closed a $40 million
round of venture capital funding, led by BA Venture Partners (Bank of
America Venture Partners). This is the third round through which Omniture
has raised a total of $65 million. Rory O'Driscoll, a managing director at
BA Venture Partners, will join the company's board of directors. Additional
participating investors in the round include previous investor, Hummer
Winblad Venture Partners and Attractor Investment Management, one of the
early investors of Salesforce.com.
Omniture develops and markets the SiteCatalyst(TM) Suite, an online
marketing services platform used by the world's leading companies,
including eBay, AOL, Microsoft, four of the top five Fortune ranked
companies and over 400 others, to automate, measure, manage and optimize
their online marketing expenditures. The SiteCatalyst Suite is the only
online marketing services platform to deliver all three critical components
marketers require to achieve online success -- comprised of SiteCatalyst,
Omniture's real-time reporting and analysis tool, the recently announced
Omniture Discover(TM) tool and the Omniture Data Warehouse.
The funding announced today will act as a catalyst to accelerate customer
training initiatives, invest in technological development and increase
marketing and distribution efforts for the rapidly growing Web analytics
leader. "Omniture is the hottest company we've seen in many, many years.
They continue to deliver on their vision of the future of online marketing
services and are being rewarded by rapid success in the marketplace," said
Mark Gorenberg, partner, Hummer Winblad Venture Partners.
"BA Venture Partners has been focusing on both Internet and
software-as-service applications since 1999," said Rory O'Driscoll,
managing director, BA Venture Partners. "We've been closely watching the
growth of Web analytics in general and Omniture specifically and we're
impressed by Omniture's leadership. Omniture is the largest and
fastest-growing
on-demand Web analytics provider, and they continue to demonstrate
unwavering dedication to product excellence and customer success. That
leadership ethic, coupled with their customer loyalty proves them to be
exactly the type of organization we believe will create sustaining value
for businesses."
Corporate Momentum
Omniture is the fastest-growing on-demand Web analytics company having
doubled revenue annually for each of the last four years. With this
continued pace, Omniture is in line to close out 2005 as its fifth
consecutive year of more than 100 percent revenue growth.
Solution Leadership
Q2 also saw the completion of the industry's only third-generation Web
analytics platform. Omniture announced both the release of SiteCatalyst 12
and Omniture Discover, a boundless exploration engine that enables the
breaking down of information silos created by traditional analytics
packages. SiteCatalyst 12 includes groundbreaking features such as a
multivariate experimentation manager, role-based dashboards, performance
targeting and a Dashboard Player that proactively pushes key information to
desktops for real-time, executive updates. By introducing Discover,
Omniture became the first and only Web analytics provider to offer the
three critical pieces needed to successfully optimize the online marketing
process -- real-time reporting and analysis (SiteCatalyst), unprecedented
exploration into data with real-time reporting across unlimited dimensions
and data correlations (Omniture Discover), and a complete data warehouse
(Omniture Data Warehouse).
Industry Recognition
Due in part to its corporate growth and innovative product development
efforts, Omniture was named a 2005 Well-Connected Awards winner by CMP
Media LLC's Network Computing magazine, and was presented with a
prestigious 2005 Crossroad's A-List Award. Additionally, and for the
second consecutive year, Omniture was awarded a Stevie(TM) in the Best
Sales Organization category and a 2005 Utah Best of State for Science and
Technology. For two successive years, both the Inc. 500 and the Deloitte
Technology Fast 500 have also recognized Omniture for its significant
growth and momentum.
"Omniture's continued success is a testament to both our employees and our
customers," said Josh James, CEO and Co Founder of Omniture. "Because of
this success, we have the fortunate luxury of selecting the very best
investors to help us fulfill our vision of being the leader in online
marketing services. With this new investment, we can benefit from the
industry experience of both premier software investors as well as leading
experts in on-demand solutions to help us make our vision a reality."
About BA Venture Partners
BA Venture Partners (BAVP) is a venture capital partnership that provides
capital and expertise to accelerate market traction for technology and life
sciences companies. BAVP helps information and life sciences companies
commercialize technologies and accelerate growth and market leadership.
Based in Foster City, California, the BAVP team collectively offers decades
of technology and venture industry experience to early- and
development-stage companies in hardware, consumer, software, biotechnology
and medical devices. Representative portfolio companies include Alimera,
Biz360, Cardiac Pathways, Frontbridge Technologies, Good Technology,
Monolithic Power Systems, Placeware, Sorrent and Wayport. Bank of America
is BAVP's sole limited partner. For more information, visit
www.baventurepartners.com.
About Omniture
Omniture, Inc., headquartered in Orem, Utah, is the pioneer of on-demand
Web analytics technology that delivers the essential intelligence needed by
Web commerce leaders and innovators to drive the business decisions that
increase ROI. Omniture is the largest on-demand Web analytics provider by
revenue, and Omniture's SiteCatalyst is the most mature and comprehensive
technology on the market, offering industry leading scalability and
flexibility combined with an intuitive user interface. Omniture is the only
company in its market to offer a third-generation platform that combines
instant response times with the power to view Web data across any
dimension. In addition, Omniture offers knowledgeable professional service
teams, experienced in helping customers determine the questions they must
ask to arrive at the answers they require. Proof of its world-class
technology and outstanding team, Omniture has the highest level of retained
and satisfied customers in the market, including eBay, AOL, Wal-Mart,
Gannett, Microsoft, Oracle, Apple, GM and Hewlett-Packard.
www.omniture.com.
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