Hootsuite Raises Another $60 Million on Its Way to IPO
Hootsuite is apparently more than just a social-media management tool. It also has become a $1 billion company, according to reports.
The company — which is based in Vancouver, Canada and said to be heading toward an IPO — recently led by investors including Accel Partners, Insight Venture Partners and OMERS Ventures. This round brings Hootsuite’s total financing to $250 million, the company says.
The round , according to a report from Re/Code, citing a “source familiar with the matter.”
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“We wanted the partner coming in to have public experience,” co-founder and CEO Ryan Holmes told The Wall Street Journal. “That is very important . We are putting governance, compliance and other pieces in place because our company is heading toward that.”
At the same time, Hootsuite announced that it has acquired a social-telephony company called . “Through the acquisition of Zeetl, we’re planning on adding a new voice solution that will better empower customer service teams around the world,” Hootsuite said.
Financial terms of the acquisition were not released.
Related: HootSuite Gets Serious About Social Media Security With New Partnership
Hootsuite is apparently more than just a social-media management tool. It also has become a $1 billion company, according to reports.
The company — which is based in Vancouver, Canada and said to be heading toward an IPO — recently led by investors including Accel Partners, Insight Venture Partners and OMERS Ventures. This round brings Hootsuite’s total financing to $250 million, the company says.
The round , according to a report from Re/Code, citing a “source familiar with the matter.”
Related: 14 Tools Every Â鶹Éç Needs for Managing Social Media
“We wanted the partner coming in to have public experience,” co-founder and CEO Ryan Holmes told The Wall Street Journal. “That is very important . We are putting governance, compliance and other pieces in place because our company is heading toward that.”
At the same time, Hootsuite announced that it has acquired a social-telephony company called . “Through the acquisition of Zeetl, we’re planning on adding a new voice solution that will better empower customer service teams around the world,” Hootsuite said.
Financial terms of the acquisition were not released.
Related: HootSuite Gets Serious About Social Media Security With New Partnership
