STOCKHOLM, September 16, 2010 /PRNewswire/ -- Cint, the company behind the leading SaaS-based global marketplace for market research sample: Cint Panel Exchange (CPX), announced today that Prime Technology Ventures, a Pan-European venture capital firm, leads a USD 13m round of new funding in Cint, along with participation from existing owners such as Nordic venture capital firm Creandum.
Cint is headquartered in Stockholm, Sweden and provides market researchers with fully automated access to panels of 4 million profiled individuals across 40 countries. With a strong commitment to quality, Cint can continuously deliver unparalleled response rates averaging above 30% across its panel network. Cint's global expansion started in 2008 with offices in US, Canada, Spain, Denmark and Russia. During 2009 and 2010 additional offices were opened in UK, Germany and the Netherlands. Following the recent launch of Cint Direct (a simple and automated API providing an efficient way of accessing Cint's world-wide panel base for any market researcher), Cint is well positioned to deliver on its promise: bringing market insight to everyone. Funds will be used to expand the business in both existing and new markets, as well as further building out the product portfolio and strengthening the team.
Commenting on the deal, Bo Mattsson, founder and CEO of Cint says:
The investment by Prime is a signal of strength for us as a company, for our market position and maybe most importantly for our long-term vision of bringing market research to everyone. This expansion capital will enable us to further accelerate our growth. Prime is a tier one VC and we are very happy to have them onboard, joining our previous VC backers Creandum.
Alexander Ribbink, lead Partner at Prime Technology Ventures, who will join the board of Cint, commented:
Cint is a hugely interesting growth case that combines a vast market opportunity with a scalable technology based model, strong current momentum and a great team both in Europe and in the US. We look forward to working with them and to assist in building a global success.
EOC Partners LLP acted as the investment banking advisor to Cint. The deal closed on September 14.
About Cint
Cint is a global technology company hosting the market research industry's first online marketplace: Cint Panel Exchange (CPX), which brings millions of research respondents to one place. The SaaS-based platform offers true sample transparency, providing research buyers the opportunity to fully control their sample selection, source and project management. All Cint products comply with market research industry guidelines and have built-in functionality that ensures high quality standards across all accessible panels in the platform.
About Prime Technology Ventures
Prime Technology Ventures is a leading venture capital firm focusing on investing in European companies in the technology and related industries and leverages its capital, experience and network to actively guide them into global category leaders. The firm has invested in companies in the Benelux countries, United Kingdom, France, Finland and Sweden. From its offices in The Netherlands and the UK the independent partnership manages over 275 million euro in committed capital.
For more information visit: http://www.ptv.com
Cint Offices: Sweden (HQ), US, Canada, UK, Russia, Germany, Spain, The Netherlands and Denmark Cint Panel Exchange Access to over 4 million panelists in more than 40 countries Products: Cint Sample Access Cint Automated Tracker Cint Panel Manager Integrated products (APIs): Cint Direct Sample Cint Direct Revenue (Oct -10) For enquiries concerning this press release please contact: Linn Lindstrom Marketing Communications Manager Cint AB Sveavagen 20 111 57 STOCKHOLM SWEDEN Direct +46-8-546-383-36 General +46-8-546-383-00 Fax +46-8-546-383-99 linn.lindstrom@cint.com Visit us at: http://www.cint.com
SOURCE: Cint UK
CONTACT: For enquiries concerning this press release please contact:LinnLindstrom, Marketing Communications Manager, Cint AB, Sveavagen 20,111 57 STOCKHOLM, SWEDEN, Direct +46-8-546-383-36, General+46-8-546-383-00, Fax +46-8-546-383-99, linn.lindstrom@cint.com
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