San Diego, CA (April 3, 2013) – Tealium, the leader in enterprise tag management, today announced record first quarter revenue, sales bookings and enterprise customer growth, while also raising $15.6M in Series C Financing from a trio of highly respected venture capital firms: Tenaya Capital, Battery Ventures and Presidio Ventures. Tealium’s achievements reflect the company’s success in landing major global brands with the fastest, easiest to use, and most data-focused tag management platform on the market.
“We are seeing incredible interest in our award-winning, innovative platform for managing the strategically important data layer of web sites and mobile applications,” said Jeff Lunsford, CEO at Tealium. “Our customers are achieving new levels of success as they deploy Tealium solutions to simplify tag management and regain marketing agility.”
Highlights in the quarter, ending on March 31, include:
“The Tealium team continues to surpass our expectations in all areas of execution,” said Neeraj Agrawal, general partner at Battery Ventures. “We are pleased to provide additional funding as their world-class team builds the clear category leader. We are big believers in the structural shift of budgetary dollars from traditional IT into the marketing suite as cloud-based service providers like Tealium allow companies to increase marketing agility.”
“We are incredibly pleased with our progress to date,” said Mike Anderson, chairman, CTO and co-founder at Tealium. “Our engineering and operations teams are advancing our solutions and expanding our platform at a pace unparalleled in the industry. This additional capital will fuel our growth and help us support our customers’ efforts to achieve new levels of success across all digital channels.”
“Tenaya Capital brings excellent software-as-a-service, e-commerce and cloud expertise to the table, with investments in market leaders such as Lithium, New Relic, Zuora, Kayak and Palo Alto Networks,” said Ali Behnam, president and co-founder at Tealium. “We are pleased to welcome Stewart Gollmer to Tealium’s board of directors. We are also thrilled to have Presidio Ventures as a new investment partner, giving us important access into the Asia-Pacific market.”
To find out more about Tealium, please visit www.tealium.com.