About Company:
StarCite, Inc. provides a technology platform that makes meeting and event planning, booking and management simpler and more cost-effective for corporations, hotels, venues and meeting suppliers worldwide.
How It Works:
StarCite’s solutions deliver visibility, cost savings, and control over meeting spending for businesses and enhanced revenue opportunities for suppliers. Through Web-based, on-demand technology, StarCite automates and supports every key element of the meeting planning and procurement process: planning, budgeting, buying, attendance, payment, and results measurement. Using StarCite’s proprietary online marketplace, meeting buyers can connect and conduct business with over 93,000 hotels, venues, destinations and suppliers globally.
How Much They Got From VCs:
StarCite, Inc., the leading provider of on-demand meeting and event management solutions for corporations and hotels, venues, and other meeting suppliers, today announced that it from current investors, including Internet Capital Group (NASDAQ: ICGE - News), TPG Ventures, and Norwest Venture Partners (NVP). StarCite plans to use the proceeds from the funding primarily to support its initiatives for both continued global growth and ongoing enhancements to its suite of technology offerings.
StarCite is experiencing increasing growth as more corporations and meeting suppliers utilize its online technology for meeting management. The company estimates that $7.5 billion in meeting and event business passed through StarCite’s online global marketplace in 2007, an increase of approximately 30 percent over its 2006 estimates.
More at:www.starcite.com
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