ABS Capital Partners Invest $33 Million in TechMediaNetwork, Inc.

Sep 27, 2011

TechMediaNetwork, Inc. received a $33-million Series B financing from ABS Capital Partners. Existing investors Village Ventures and Highway 12 Ventures were also in on the deal.

TMN will use the funds to increase its acquisition program, further expand its news organization, and boost revenue and distribution. ABS Capital General Partner Ralph Terkowitz and Principal Paul Mariani will join TMN's board of directors.

TMN delivers technology news and product reviews via 16 different outlets. It has made two acquisitions since its founding in 2003 and has more than 90 publishing partners.