2009 Brings Exciting News!
The current difficult economic environment has not slowed NewsGator's growth; in fact, we just concluded the strongest quarter in our five year history with record revenue and a long list of new customers! These impressive results have helped us earn a new $10 million funding round from our investors -- Masthead Venture Partners, Mobius Venture Capital, and Vista Ventures -- all of whom have previouslly invested on NewsGator.
In 2008, a host of industry leaders have joined our growing client portfolio, which produces some very impressive statistics that I'd like to share. NewsGator products are now used by:
- Two of the world's top three banks
- Two of the three largest banks in the US
- The world's largest private public relations firm
- The second-largest advertising agency in the US
- Two of the top three US manufacturers of network & communications equipment
- The world's second-largest law firm
- Four of the top 15 US pharmaceutical companies
- Two of the top seven US aerospace & defense companies
- One of the top five investment banks in Canada
- The fourth largest generator of electricity in the US
In addition, NewsGator's NetNewsWire RSS reader was also named one of TIME magazine's Top 10 iPhone Apps for 2008.
Indeed, the third & fourth quarters of 2008 were the most successful in NewsGator's history, with fourth quarter revenue the highest ever. I'll leave you with a quote from Brad Feld, a NewsGator director and the managing director of Mobius Venture Capital & Foundry Group. "The social computing models that have rocked the consumer world have equally important roles to play in the enterprise -- and now more than ever in the current business environment. It's inspiring to see NewsGator tapping this rich vein of need and achieveing remarkable results to document the value of its approach."


