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April 09, 2007
Open Source Content Management Ez Systems In $5M Deal
We had to do a double take this morning seeing that eZ Systems out of Norway had raised $5M from a local investor - as we have not seen a content management software deal in years. It is one of those Web categories that hasn't come back as an investment theme after the boom and bust.
eZ is not a freshly baked startup though - it was formed in 1999 and has about 7 pages of reseller partners. Its software has been downloaded 2 million times and it recently added a search function for users (based on its own algorithm and tech) and a payment platform add on.
It's open source too. Its creators write:
The funding is an expansion round and the founders remain majority shareholders.
Posted on April 9, 2007 12:27 PM | Posted to News And Updates | Permalink
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