SAN FRANCISCO, (Nov. 10, 2011) — Kontagent, the leading enterprise user analytics company, today announced that it has closed $12 million in Series B financing. The investment was led by Battery Ventures, with continued participation from Maverick Capital and Altos Ventures. Roger Lee, General Partner at Battery Ventures, will join Kontagent’s Board of Directors.
Kontagent will use the capital to solidify its position as the leading enterprise analytics solution for social applications, and for R&D to continue its product innovation and rapid expansion into broader markets, including mobile and Web environments. As the market continues to move toward “big data” and deep data science, Kontagent will also invest more heavily in building products and features that provide sophisticated data mining and predictive analytics capabilities, which will enable its customers to make better business decisions and maximize profits.
“Kontagent provides incredible value to its glowing list of enterprise customers,” said Roger Lee. “Every business, regardless of domain, needs the type of immediate insight into per-customer profitability that Kontagent supplies. Kontagent’s clear market leadership role in the data-intensive social gaming and application space gives us great confidence that their adoption in other verticals will be steep.”
“Our strategy is to invest in technologies that are both transformative and fundamental to customers’ business operations,” continued Lee. “Kontagent’s kSuite analytics platform meets both of those qualifications, and is a true game-changer for the industry.”
“We are very pleased to welcome Battery Ventures, who are deeply committed to our vision of the future of user analytics, and also honored by the continued support from both Maverick and Altos,” said Jeff Tseng, Kontagent’s CEO. “With these partners by our side, we can grow our platforms to continue solving the business needs of our current and future customers through increased investment in product development, data science and other strategic areas.”
Kontagent is the business leader in social application analytics, with leading publishers and media companies as clients, including: EA, Warner Brothers, Popcap, Ubisoft, Gaia, A&E and others. The Kontagent kSuite analytics platform provides stakeholders with the ability to optimize their customer economics through enterprise-wide accessibility to customizable dashboards and dedicated data science expertise and account management.
About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company’s life, from seed, start-up and expansion financing, to growth equity and buyouts.
Battery has supported many breakthrough companies around the world, including:Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic (acquired by BMC Software), Groupon (NASDAQ: GRPN), Netezza (NYSE Arca:NZ), Omniture (NASDAQ: OMTR), ProfitLogic (acquired by Oracle) and Skullcandy (NASDAQ:SKUL). Its current portfolio includes such emerging Internet and digital mediafirms as: Angie’s List, Bazaarvoice, BlueKai, Exact Target, FreeWheel Media, Live Intent and Lotame. Battery currently manages nearly $4B in committed capital.
For more information, go to www.battery.com or follow Battery on Twitter@BatteryVentures.
Kontagent is the leading mobile analytics platform provider for business enterprises, application developers, marketers and producers. Kontagent tracks over 250 million monthly active users, thousands of applications, and more than 250 billion events each month for customers around the globe. Its unique people, process and platform approach to MCI lets companies translate their metrics into actionable, data-driven business decisions. The company's proprietary mobile analytics solution, kSuite, was built from the ground up to help organizations gather, analyze and use their data to grow and dominate in the mobile marketplace. Kontagent has more than 100 employees and has offices in San Francisco, New Jersey, Toronto, London, Seoul and Tokyo. Its clients range from medium to enterprise-level companies from all over the world, including North America, Asia, Europe and Latin America. For more information, visit www.kontagent.com and follow Kontagent on Twitter @Kontagent.