SALT LAKE CITY, Feb. 11, 2010 (GLOBE NEWSWIRE) -- FundingUniverse (www.fundinguniverse.com), a leader in connecting qualified entrepreneurs with active investors and lenders across the United States, announced that it has added social media startup TwitJump to FundingUniverse's growing suite of business services. Terms of the acquisition were not disclosed.
With more than 23 million visitors a month, Twitter.com has become one of the leading social media sites in the world and presents tremendous opportunities and challenges for companies trying to capture new customers via social media channels.
"We believe the TwitJump acquisition represents great value for our customers," said Brock Blake, CEO at FundingUniverse. "In a very short time, TwitJump has attracted more than 2,000 customers. With FundingUniverse fielding more than 10,000 customer inquiries a month, this acquisition represents a significant growth opportunity for the TwitJump platform."
TwitJump is a leading social media solution and enables companies to more effectively manage their presence on Twitter. The product's multiple business management tools help companies solve the issue of trying to quantify return-on-investment for social media efforts by providing real customers and live data. The rapid growth of TwitJump recently landed the company on TechCruch's list of the "Top 10 Digital M&A Targets for 2010."
As part of the acquisition, Alex Lawrence, TwitJump founder, will become a partner, join the Board of Directors and assume the role of Chief Evangelist with responsibilities over FundingUniverse's nationwide expansion, social media and national partner relations.
"We are excited to have Alex join FundingUniverse," said Blake. "Alex brings a wealth of entrepreneurial experience to the FundingUniverse executive team and is already making a tremendous impact in all aspects of our organization."
"While we had multiple term sheets on the table from some great companies," said Alex Lawrence, founder TwitJump, "the strategic and personal fit with FundingUniverse for TwitJump was a significant contributor to our decision to move forward with FundingUniverse. I look forward to helping FundingUniverse take that next step of growth and expansion."
About FundingUniverse:
FundingUniverse connects qualified entrepreneurs with active angels, VCs, and lenders across the United States. They provide a diverse variety of products and services that make entrepreneurs Deal-Ready™. Entrepreneurs are introduced to the appropriate financing source: a network of active investors and lenders who rely on FundingUniverse to save them time by bringing qualified business deals. Through FundingUniverse, investors have access to pre-screened deal-flow organized to their personal investment preferences and can request a pitch from an entrepreneur virtually or in person. For more information, visit www.fundinguniverse.com.
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About TwitJump:
TwitJump is the world's most versatile, unique and efficient way to manage all aspects of your Twitter accounts. TwitJump's unique platform allows companies to easily maximize their value in the social media sphere. TwitJump offers basic user accounts for free with premium levels of service for a fee.