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:
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)