Vaquero Capital Advises TechMediaNetwork on $33M Financing and Celebrates With Closing Dinner
Vaquero Capital, a leading advisor for M&A and private equity, announced today the celebration of the closing of the TechMediaNetwork $33 million Series B financing. TMN is a leading technology media company that produces news and reviews in the technology and science verticals. The Vaquero Capital Team, TechMediaNetwork and ABS Capital Partners celebrated with a closing dinner in downtown Salt Lake City.
TMN will use the funds to increase its acquisition program, further expand its growing news organization, enhance its monetization strategies and increase the distribution of its content. As a result of the financing, ABS Capital General Partner Ralph Terkowitz and Principal Paul Mariani will join TMN’s board of directors.
TechMediaNetwork delivers technology news and product reviews across its 16 different web properties, featuring such flagship sites as LAPTOP, SPACE.com, TopTenREVIEWS and TechNewsDaily. TMN connects consumers, small publishers, advertisers and ecommerce vendors through a network of trusted information, revenue opportunities and audience reach. TMN has built a scalable process for creating highly customizable, trusted editorial content, enabling TMN’s award-winning journalists to rapidly create superior news, reviews and commentary. The company’s content reaches tens of millions of unique readers monthly and ranks third in comScore’s Technology News rankings. The Company has syndication partners, including Yahoo!, MSNBC.com and the websites of Fox News and CBS News, and advertisers such as American Express, AT&T, Canon, General Motors, HP, Kodak, Sony, Symantec, Toyota and Warner Bros.