ExactTarget’s software provides enterprises with email marketing platform that powers everything from email coupon offers and automated fraud alerts to e-statements and SMS text messages. ExactTarget’s software provides email marketing tools for a widespread group of big-name clients, including CareerBuilder.com, Expedia.com, the Gannett Co., and The Home Depot.
The company says it has achieved 43 consecutive quarters of revenue growth and annual dollar-based subscription revenue renewal rates of over 100% in each of the years ended December 31, 2009 and 2010. In 2009 and 2010, the company posted revenue of $95.4 million and $134.3 million, representing period-over-period growth of 32% and 41% respectively.
For the nine months ended September 30, 2011, ExactTarget’s revenue was $148, a 55% increase. During this period, the company took a loss of $29 million. In 2010, the company lost $12 million.
In 2010, ExactTarget acquired reseller mPath, CoTweet and Keymail Marketing.
In total, ExactTarget has raised $208 million, most recently raising $30 million.
Source: http://techcrunch.com/2011/11/23/marketing-software-giant-exacttarget-re-files-for-ipo-will-raise-100m/
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