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Based in South San Francisco, California, CompareNetworks operatesvertical websites and email newsletters that target life science researchers,medical and dental professionals. The CompareNetworks sites, which includebiocompare.com, medcompare.com, dentalcompare.com and ophthalmologyweb.com,help marketers in their respective industries target decision makers in thesespecialized fields. CompareNetworks generates highly qualified sales leadsthrough its comprehensive marketplaces, targeted editorial and video content.
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Today's announcement follows a strong growth year for CompareNetworks. "Wecouldn't be happier with the results we have achieved," said Paul Gatti, CEOof CompareNetworks. "Our growth leaves us confident in the reputation we haveearned for ourselves in the communities and advertisers we service. Ourpartnership with Alta Communications will allow us to accelerate growth in2008 and beyond. We look forward to being the driving force in new media forthese markets and others."
CompareNetworks has had significant revenue growth over the past 3 yearsand now has over 400 recurring customers. Additionally, CompareNetworkscontinues to expand its services with more user-driven content, specializedsearch tools, and online multimedia education.
"We are excited to be working with the CompareNetworks team," said TimothyDibble, managing partner at Alta Communications, "The trend of ad dollarsmoving online will continue for the foreseeable future and CompareNetworks isin the perfect place to benefit."
CompareNetworks, Inc.
Headquartered in South San Francisco, California, CompareNetworks is aleading media company for the life science and healthcare industries. TheCompareNetworks websites assist health and life science professionals makeinformed purchasing decisions by offering a long-needed source for productinformation and industry news. With an extensive directory of more than600,000 products with complete specifications, and thousands of product videosCompareNetworks provides the most up-to-date and efficient technology guide onthe Web.
Alta Communications
Alta Communications is a Boston-based private equity firm formed in 1996to focus exclusively on the media and telecommunications industries. CurrentlyAlta has approximately $1.5 billion of capital under management in fivelimited partnerships. Limited partners consist primarily of large pensionfunds and university endowments. The investment team has more than 100 yearsof collective communications experience.
SOURCE CompareNetworks, Inc.
