Financial History
In 2012 Baltimore private equity firm Camden Partners invested $6 million in the company, and American Trading and Production Corp invested $2 million as part of an $8 million Series B funding round. In the deal, Jason Tagler of Camden Partners joined the board of directors of Prolexic. Prolexic said it would use the Series B money to support staff and augment its network.
In 2012, the company reported that in 2011 it achieved profitability and a compound annual growth rate of 45%.
In 2011, Prolexic completed two financing rounds lead by Kennet Partners totaling in $15.9 million.
Read more about this topic: Prolexic Technologies
Famous quotes containing the words financial and/or history:
“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nation’s agenda. I proposed to act on my belief that regardless of a family’s financial condition, education should be available to every child in the United States—as much education as he could absorb.”
—Lyndon Baines Johnson (1908–1973)
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moment’s comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (1817–1862)