Forman Interactive Secures 2nd Round of Financing
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Forman Interactive Corp. in New York City said it has closed on a round of financing with Zackfoot Investments LLC and others.
The Secaucus, NJ-based venture capital firm Capital Express LLC, one of the earlier investors and a stockholder in the company, also participated in this round. In January of this year, Zackfoot Investments LLC made an initial private placement investment in Forman Interactive.
Financial specifics were not disclosed.
"We are pleased to report that our revenues have almost doubled since January of 1998," said Richard D. Forman, CEO of Forman Interactive.
SiteAmerica, the brand name for Forman's hosting service, counts 1-800-BIRTHDAY, a gift and reminder service, and Saratoga Direct, a marketer of Land Rover accessories, among its more than 1,000 clients.