Silver Lake Waterman and Spredfast Inc. Announce $24 Million Growth Financing
MENLO PARK, Calif. and SANTA MONICA, Calif., March 3, 2015 — Spredfast Inc., a leading social media software platform, and Silver Lake Waterman, today announced that the company has secured $24 million in growth financing. Focused on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries, Silver Lake Waterman is part of Silver Lake, the global leader in technology investing.
The Spredfast software platform collects and analyzes social media content, enabling marketers to track, manage and amplify real-time conversations across the spectrum of social media using a single dashboard. Its latest round of funding will allow Spredfast to drive innovation by enhancing its platform technology, expanding internationally and recruiting top talent.
“Silver Lake’s deep experience in the technology space provides us with significant resources to fulfill our short and long-term goals,” said Rod Favaron, CEO of Spredfast. “We’re proud to join such a prestigious group of portfolio company industry leaders that have benefitted from Silver Lake’s support and investment.”
Shawn O’Neill, Managing Director and Co-Head of Silver Lake Waterman said, “Integrated social media management and analytics has become a critical priority for companies worldwide. Spredfast has demonstrated a remarkable track record of product innovation and leadership that we believe will serve the company well as it continues to scale.”
Spredfast gives marketers the tools needed to manage their brand and connect with consumers in an increasingly social world. The Spredfast Social Software Platform allows marketers to manage, integrate and amplify social content across any digital touch point. The solutions offer brands and media access to every piece of social data submitted in order to uncover conversations that matter. Spredfast customers manage over one billion social connections across 84 countries and have the power to process 650 million pieces of social content per day in multiple languages. Over 600 customers, including fifty percent of Interbrand’s 2014 World’s Best Brands and all five major broadcast networks and have partnered with Spredfast to create first-class social experiences. For more information, visit www.spredfast.com.
About Silver Lake Waterman
Silver Lake Waterman is part of Silver Lake, the global leader in technology investing with over $23 billion in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world. Silver Lake Waterman focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries. For more information about Silver Lake Waterman and Silver Lake, please visit www.silverlake.com.