MENLO PARK, Calif. and
SANTA MONICA, Calif., March 3, 2015 /PRNewswire/ -- Spredfast
Inc., a leading social media software platform, and Silver Lake
Waterman, today announced that the company has secured $24 million in growth financing. Focused on
providing flexible expansion capital to later-stage growth
companies in the technology and technology-enabled industries,
Silver Lake Waterman is part of Silver
Lake, the global leader in technology investing.
The Spredfast software platform collects and analyzes social
media content, enabling marketers to track, manage and amplify
real-time conversations across the spectrum of social media using a
single dashboard. Its latest round of funding will allow Spredfast
to drive innovation by enhancing its platform technology, expanding
internationally and recruiting top talent.
"Silver Lake's deep experience
in the technology space provides us with significant resources to
fulfill our short and long-term goals," said Rod Favaron, CEO of Spredfast. "We're
proud to join such a prestigious group of portfolio company
industry leaders that have benefitted from Silver Lake's support and investment."
Shawn O'Neill, Managing Director
and Co-Head of Silver Lake Waterman said, "Integrated social media
management and analytics has become a critical priority for
companies worldwide. Spredfast has demonstrated a remarkable track
record of product innovation and leadership that we believe will
serve the company well as it continues to scale."
About Spredfast
Spredfast gives marketers the tools
needed to manage their brand and connect with consumers in an
increasingly social world. The Spredfast Social Software Platform
allows marketers to manage, integrate and amplify social content
across any digital touch point. The solutions offer brands and
media access to every piece of social data submitted in order to
uncover conversations that matter. Spredfast customers manage over
one billion social connections across 84 countries and have the
power to process 650 million pieces of social content per day in
multiple languages. Over 600 customers, including fifty percent of
Interbrand's 2014 World's Best Brands and all five major broadcast
networks and have partnered with Spredfast to create first-class
social experiences. For more information, visit
www.spredfast.com.
About Silver Lake
Waterman
Silver Lake Waterman is part of Silver Lake, the global leader in technology
investing with over $23 billion in
combined assets under management and committed capital and a team
of approximately 110 investment and value creation professionals
located around the world. Silver Lake Waterman focuses on providing
flexible expansion capital to later-stage growth companies in the
technology and technology-enabled industries. For more information
about Silver Lake Waterman and Silver
Lake, please visit www.silverlake.com.
Media Contacts:
Spredfast Inc
Courtney
White
pr@spredfast.com
512.599.1676
Silver Lake
Emily Levin
silverlake@brunswickgroup.com
212.333.3810
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SOURCE Silver Lake Waterman