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News Stories Thursday, October 23, 2003   
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Performance management company Gómez gets a new infusion of capital


Gómez Inc., which manages web site performance, has received $6.1 million in new equity funding, the company announced this week. It will use the funds to accelerate product development, support channel distribution initiatives and to continue international expansion, the company says.

All current investors participated in the financing round, which was led by new investor AdAstra, a Munich-based independent venture capital firm affiliated with HypoVereinsbank, Germany`s second largest bank.

Gómez also reported that third quarter revenue nearly doubled from last year’s Q3 as the company added a string of customers, including eBay, Lands’ End, Visa International, T-mobile, Virgin Mobile, Verizon Super Pages, Bell Canada, Geico, LastMinute, Prudential Insurance and Royal Bank of Scotland.

The company also reports it released Gómez Performance Network 4.0, an Internet performance measurement network, and is preparing to release Gómez Performance Network 5.0 early next year.

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