SOURCE: Dachis Group

Dachis Group

January 04, 2011 08:00 ET

Dachis Group Completes $30 Million Series B Funding

Austin Ventures Leads Funding, Helping to Facilitate the Company's Global Expansion

AUSTIN, TX--(Marketwire - January 4, 2011) - Dachis Group, the world's largest Social Business consultancy, announced Tuesday the completion of $30 million in Series B funding. The round of funding was led by Austin Ventures and will be used to help the company further its expansion. 

Through its three main Social Business practice areas, Social Business Strategy, Social Business Engagement, and Social Business Intelligence, Dachis Group helps large organizations become more connected and engaged with their constituents. The company has developed a framework for Social Business Design by addressing organizational transformation across business systems, process, and culture.

"Beyond social media marketing, Dachis Group has created a unique unified offering across the entire social engagement spectrum, from business strategy through engagement planning and tactical implementation for global marketers, the workforce and the enterprise," said Chris Pacitti, General Partner at Austin Ventures. "We see the company's distinct offering resonating strongly from C-suite executives through line of business owners who seek to benefit from becoming Social Businesses, and we are excited to further our investment in Dachis Group."

"Whether connecting externally to customers among Facebook's® 500 million users or improving internal collaboration opportunities among thousands of employees, companies willing to listen, participate and engage are creating business value across the social engagement spectrum," said Jeffrey Dachis, Founder and Chief Executive Officer, Dachis Group. "We are continually humbled by the success we see in our clients' organizations as they navigate an increasingly connected and social world to become Social Businesses."

Dachis Group will continue to invest in the company's profitable growth. The funding will be utilized for attraction and retention of talent; investments in process development, knowledge sharing systems, and quality control; expansion of the company's international base; and continued growth through targeted acquisitions to meet the demand of large global companies seeking ways to connect, communicate, participate and engage with their customers, their workforce and their enterprise partners.

Since launching in April of 2008, Dachis Group:

+ Employs over 220 consultants in 10 cities in five countries
+ Operates in New York, London, Portland, Philadelphia, St. Louis, Austin, Lincoln, Sydney, Madrid and Amsterdam
+ Services over 15% of the Fortune 500 worldwide
+ Serves more than 300 Social Business clients
+ Is the largest Social Business consultancy in the world
+ Is the largest dedicated Social Business Strategy practice in the world
+ Is the largest dedicated Social Business Customer Engagement practice in the world
+ Is the leader in Social Business Workforce Engagement strategy and program execution
+ Is leading the way in helping clients gain Social Business Intelligence
+ Operates three Facebook Preferred Developer Consultants through subsidiaries StepChange Group, Stuzo, and Archrival
+ Operates the most robust peer-to-peer practitioner knowledge sharing community for Social Business professionals: 2.0 Adoption Council

About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for nearly twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas, and one of the most established in the nation. With an investment focus on business services and supply chain; financial services; media and information services; software and Internet; and Texas special situations, AV invests at all stages of company development, from $100,000 in "planned experiments" in early stage ideas, to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of lower middle market growth companies. AV's strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs.

About Dachis Group
Dachis Group is the world's leading Social Business consultancy.

Social Business Design is connecting with your customers + your workforce + your enterprise to create powerful business value. Through its three main Social Business practice areas, Social Business Strategy, Social Business Engagement, and Social Business Intelligence, Dachis Group helps large organizations become more connected and engaged with their constituents. The company has developed a framework for Social Business Design by addressing organizational transformation across business systems, process, and culture.

Dachis Group serves or has serviced clients including American Express, AOL, AT&T, Bud Light, Calvin Klein, Chevrolet, Chrysler, Cisco, Citibank, The Coca-Cola Company, DeVry, Dodge, Doritos, ESPN, Estee Lauder, HBO, HP, IBM, Intel, JetBlue, Lexus, McDonald's, Microsoft, Motorola, Nike, Pabst Brewing, Procter & Gamble, Red Bull, Samsung, Sprint and Yum! Brands.

Founded in 2008 by Jeffrey Dachis, the company offers services around the globe with offices in ten cities in five countries, employing over 220 professionals. Dachis Group is headquartered in Austin, Texas with offices in Lincoln, Nebraska; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; St. Louis, Missouri; London, England; Sydney, Australia; Amsterdam, Netherlands; and Madrid, Spain.

Dachis Group operates as: Dachis Group; Archrival, a Dachis Group company; crayon, a Dachis Group company; Drillteam, a Dachis Group company; Headshift, a Dachis Group company; Powered, a Dachis Group company; StepChange Group, a Dachis Group company; Stuzo, a Dachis Group company; XPLANE, a Dachis Group company and The 2.0 Adoption Council, a Dachis Group company.

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If you are interested in finding out how Dachis Group can help your business, contact inquiries@dachisgroup.com

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To learn more about Social Business Design, download our Social Business Design white paper

Dachis Group is always looking for talented individuals and leaders, contact opportunities@dachisgroup.com.

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