NEWS5 April 2013

Tealium gets boost in Q1 revenue and funding round

Financials North America

US — Enterprise tag management firm Tealium has announced record first quarter revenue and sales bookings as well as securing $15.6m in series C financing.

The company said it has seen a 185% increase in sales bookings compared with Q1 2011 and a 245% increase in non-GAAP revenue.

In addition, it secured $15.6m in additional growth capital in a series C investment round led by Tenaya Capital, Battery Ventures – which led Tealium’s series B funding – and Presidio Ventures. The company said the investment would be used to fund expansion of product development, customer operations and go-to-market resources.

“We are seeing incredible interest in our award-winning, innovative platform for managing the strategically important data layer of web sites and mobile applications,” said Jeff Lunsford, CEO at Tealium. “Our customers are achieving new levels of success as they deploy Tealium solutions to simplify tag management and regain marketing agility.”