October 27, 2008, 12:00 AM

E-mail software provider iContact secures $5 million in debt funding

IContact Corp., a provider of e-mail marketing software for small and mid-sized businesses, has secured $5 million in debt funding from Portland, ME-based venture capital firm North Atlantic Capital.

 

IContact Corp., a provider of e-mail marketing software for small and mid-sized businesses, has secured $5 million in debt funding from Portland, ME-based venture capital firm North Atlantic Capital.

The company says the money will fund sales and marketing efforts and staff expansion.

“IContact’s best of breed product, superior marketing capability, excellent team and attractive customer economics have allowed iContact to become the fastest growing e-mail marketing company,” says David Coit, managing director of North Atlantic Capital. “Our investment will help the company accelerate its growth and become the leader in online communications for the billions of small businesses and non-profits both in the U.S. and around the world.”

North Atlantic has invested in 65 companies with a focus on technology-enabled business service companies.

IContact reports more than 35,000 customers and 120 employees. Its technology allows organizations to create e-mail newsletters, RSS feeds, surveys and autoresponder messages.

 

 

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