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Communications - Friday, July 6, 2007

Our Own Email Platform Constant Contact Files IPO

Constant Contact, which sells on-demand e-mail marketing, filed to raise up to $86.25M in a Nasdaq IPO.

CIBC World Markets and Thomas Weisel Partners are the lead underwriters for the Waltham, MA-based company which plans to list under the symbol "CTCT." The company reported a net revenue of $27.55M in the fiscal year 2006, ending last December, compared to $14.66M in fiscal year 2005, an 88% growth rate. However, its net loss grew from $1.23M to $7.84M in that same period.

The company reported an increase in customer base from about 25K at the end of 2004 to more than 120K at the end of June 2007. About 2/3rds of its customers employ fewer than 10 workers.

As users, what does the a:c think of Constant Contact? We'd recommend it. I has extremely strong analytics and is fairly priced. However, it does seem disconected from the new trends online and doesn't have the connections to the web and RSS that it might.

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