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Communications - Friday, June 29, 2007

Corporate Email Management Tool iContact Gains Growth Funding

iContact, which sells a corporate email marketing and blogging application, says it has closed a $5.35M funding round led by Updata Partners.iContact says it has 11,500 customers and over 90K users. Revenues last year came in at $6.9M and it has 57 employees.

iContact is a tool used to create email newsletters, blogs, RSS feeds, surveys, and autoresponders for corporate marketers.

iContact is a hosted servce that charges $100 up to $700K per year depending on how many contacts you are managing. iContact's biggest competitor is Constant Contact. iContact was previously called IntelliContact.

iContact founder Ryan Allis was recently interviewed on The Big Idea as he is a very young founder - he launched his first business at age 11 and is now 22.

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