Abstract:
In this paper we will briefly discuss about Mzinga Inc.'s recent business deal. The company announced in March 2008 that it had filed a 32.5 million dollars investment from W Capital Partners, a venture capital fund, and Bluecrest Capital Finance. Mzinga is basically a business media solutions provider. This deal will help the company to own Prospero Technologies, based in Massachusetts, USA.
Mzinga Inc. disclosed its recent business deal in March 2008. The company will receive a 32.5 million dollar investment from W Capital Partners, Bluecrest Capital Finance and the two other previously existing investors, GE Equity and Knowledge Industries.
Mzinga is a leading business social media and customer community solutions provider in the world. Over 125 companies across the globe are using Mzinga's services to promote innovation and learning in their research & development area and achieve maximum revenues.Mzinga's combination of technology, moderation services and solid domain expertise helps the companies to manage the collective intelligence of their employees, clients, and partners.
The company's current annual revenue is 30 million dollars. Mzinga's portfolio consists of the likes of ESPN, Chevron Corporation, ABC, CBS.com, Johnson & Johnson, iVillage, Prudential Financial, Depository Trust & Clearing Corporation, Mercer, to name a few.
BlueCrest Capital Finance, L.P., established in 1998, is a commercial finance company situated in the United States of America. It mainly offers solutions regarding debt financing to the developing companies. It covers several industry sectors like, Electronics & Communications, Medical Service, Information Technology, and Energy etc. Till date, BlueCrest has successfully completed more than 750 transactions worth altogether 1.8 billion.
W Capital Partners is a venture capital fund with a capital amount of over 1 billion dollars. Till date, the company has completed more than 50 successful transactions and investments in over 150 companies around the world. It mainly focuses on the attainment of the direct private equity investments.
Objectives:
- Mzinga will be using the money to finance its several upcoming development projects and to own Prospero Technologies, a social media solutions provider based in Massachusetts.
- This deal will enable the company to consolidate its leading position in the global market of business media solutions.
- This deal will also help Mzinga to increase its sales and expand rapidly.