Tuesday, July 1, 2008

Lithium Technologies, market-leading provider of on-demand solutions for enterprise communities has raised $12 million

What Company Is Offering:
Lithium Technologies powers some of the largest online communities in the world for some of the largest companies in the world, including AT&T, Dell, Sony Playstation, Univision, PayPal, and others. Its flagship solution, Lithium InterActive, is an integrated suite of on-demand enterprise social media products, including forums, blogs, and social networking. Lithium’s platform has been proven to scale to hundreds of millions of page views per month, while providing the security,analytics, APIs and manageability that enterprises demand.

How Much They Got From VCs:

Lithium Technologies, market-leading provider of on-demand solutions for enterprise communities, announced today that it has raised $12 million in a Series B equity funding round led by Benchmark Capital. The funds will be used to drive aggressive business expansion and accelerate development of Lithium’s social media offerings for the enterprise. Benchmark joins Emergence Capital and Shasta Ventures, which co-led a $9M Series A financing round in April 2007.

“Lithium has built a leadership position in the enterprise community market, based on its understanding not only of social technologies, but also of online social behavior,” said Peter Fenton, partner, Benchmark Capital. “We are seeing a radical transformation in the ways organizations interact with customers, resulting in benefits not only to bottom-line support costs but to gains in revenue generation, product innovation and brand equity, to name a few. While Benchmark evaluated several competitors, it was clear that Lithium, with its deep understanding of how to engage users in external communities, is uniquely positioned to reap the benefits of this explosive market opportunity.”

More at:www.lithium.com

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