Hootsuite Closes $60 Million Financing and Strategic Acquisitions

VANCOUVER, BRITISH COLUMBIA, Sep 25, 2014 (Marketwired via COMTEX) Hootsuite, the world s most widely used social relationship platform, today announced it has closed US$60 million in financing led by a large Boston-based asset manager. Existing investors Accel Partners, Insight Venture Partners and OMERS Ventures participated, as did technology lender, Silicon Valley Bank. This latest investment brings Hootsuite s total financing to-date to US$250 million. This financing will help us scale even faster on a global level and bring the most innovative products to market. The strong commitment from investors during this time of amazing growth marks an exciting milestone for Hootsuite, said Ryan Holmes, CEO of Hootsuite. Additionally, Hootsuite has acquired Zeetl, a social telephony company, to integrate new voice technology into its widely adopted social relationship platform. Through the acquisition of Zeetl, Hootsuite plans to add a new voice solution to better empower customer service
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