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Mzinga Completes $10 Million Financing to Fuel Growth

Mzinga (http://www.mzinga.com/), the leading provider of social software, services, and analytics that improve business performance, today announced it has completed a $10 million round of financing. The company will use the funds to strengthen its overall financial position and increase investments in sales and marketing as well as its social software and analytics offerings.

“We are excited to add Mzinga to our existing portfolio of technology companies,” said Jeff Samberg, Managing Director of Acadia Woods Partners, LLC, a New York–based investment partnership that led the round of financing. “The company’s marquee client base, enterprise-class SaaS technologies, and growing profitability position it for market leadership.”

Mzinga continues to maintain strong sales momentum as a result of increasing market demand and growth of new and existing customers. Over the past two quarters, the company has continued to secure significant client wins, including leading brands such as Wolters Kluwer, RealNetworks, and New England Sports Network (NESN), as well as one of the largest consumer retailers in the world.

“Our mission is to become the unequivocal leader in the enterprise social software and analytics market,” said Barry Libert, Chairman and CEO of Mzinga. “This additional funding will help us take advantage of the improvements we are seeing in the general corporate markets by bringing new technologies and services to market that transform the way businesses operate—ultimately enabling them to more effectively capture intellectual capital, make better decisions, and innovate faster.”

New investors Acadia Woods Partners and BlueCrest Venture Finance Master Fund were joined by existing investors W Capital Partners and Shared Capital Partners in this round of funding. In conjunction with the funding, Jeff Samberg of Acadia Woods Partners and Mark King of BlueCrest Capital Finance have joined the Mzinga board of directors, which also includes Robert Migliorino of W Capital Partners, Howard Rubin of Shared Capital Partners, Andrew Hallowell of Arcadia Partners, and Barry Libert, CEO of Mzinga.

About Mzinga

Mzinga is the leading provider of social software, services, and analytics that improve business performance. Through a combination of enterprise-class technology, strategy and online moderation services, Mzinga social solutions enable businesses to increase revenue and lower costs by improving brand visibility, workplace satisfaction, and customer loyalty. Headquartered in Burlington, Massachusetts, Mzinga supports more than 14,000 communities and 1 billion monthly page requests from 40 million unique visitors in 160 countries worldwide.

To learn more about Mzinga, visit www.mzinga.com.

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