SOURCE: BrightTALK

BrightTALK

September 27, 2011 08:53 ET

North Bridge Growth Equity Invests in BrightTALK

Rapidly Growing Webinar and Video Platform Provider Receives $20.5 Million Growth Equity Investment

SAN FRANCISCO, CA and LONDON--(Marketwire - Sep 27, 2011) - BrightTALK, the rapidly growing provider of webinar and video technologies for business professionals and their communities, announced today that North Bridge Growth Equity (NBGE), a leading growth equity firm that invests in technology and technology-enabled companies, has made an investment of $20.5 million in the company for a minority stake. The capital will be used to help fund BrightTALK's growth initiatives and technology development.

"We are delighted to partner with North Bridge to accelerate the growth we have enjoyed since Charlie Blackburn and I founded BrightTALK in London in 2002," said Paul Heald, CEO of BrightTALK. "In North Bridge we have found an investment partner who understands software-as-a-service (SaaS) and the rapidly evolving digital media landscape. They will support our goal of becoming the market leader for B2B marketers using webinars and videos to reach targeted communities. We will continue to expand our US presence, further develop BrightTALK's SaaS platform, BrightTALK™ Channels, and invest in serving our clients. North Bridge tops the list of partners for their experience as investors in technology and their approach to partnership as an active, value-add investor."

"B2B marketers are looking for innovative companies like BrightTALK to help them deliver webinar and video programs that also leverage social media to reach new audiences and build strong relationships with their communities," said Russell Pyle, NBGE Partner, who has joined BrightTALK's Board of Directors. "BrightTALK has an impressive global client base and a proven business model built on a proprietary technology platform. North Bridge is excited to partner with their strong management team as it takes the company to the next level of growth."

About North Bridge Growth Equity - http://www.northbridge.com

North Bridge Growth Equity (NBGE) is a leading growth equity firm that invests in technology and technology-enabled companies with strong revenue and profitability momentum, large and dynamic addressable markets, and proven management teams. NBGE targets investments in companies with $20 million to $200 million of revenue, and is currently investing from the $545 million North Bridge Growth Equity Fund I. NBGE is co-located and affiliated with North Bridge Venture Partners (NBVP), a bi-costal leader in early stage venture capital investing. Together, NBGE and NBVP have $3.2 billion of committed capital under management.

About BrightTALK - http://www.brighttalk.com

BrightTALK provides webinars and videos for professionals and their communities. Every day thousands of thought leaders are actively sharing their insights, their ideas and their most up-to-date knowledge with professionals all over the globe through the webinar and video technologies that BrightTALK has created. BrightTALK™ Channels enable B2B marketers to create content, distribute it across the social Web, and gain actionable insight with in-depth reporting that can be integrated with leading marketing automation and CRM systems. The content is also aggregated on BrightTALK's website and organized by community to help professionals find relevant information to accelerate their careers and businesses. BrightTALK has offices in San Francisco, New York and London.

All company names are trademarks and/or registered trademarks of their respective owners.

Contact Information

  • Media Contacts:
    Jan McDaniel (US)
    415 625 1513

    Katrina McEwan (UK)
    020 7397 8637