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Web Performance Analytics Vendor Soasta Raises $30 Million

Web Performance Analytics Vendor Soasta Raises $30 Million

Performance analytics vendor Soasta Inc. has raised $30 million to restructure existing debt and fund growth.

The round was led by Tennenbaum Capital, along with existing investors Canaan Venture Partners, Pelion Venture Partners and Formative Ventures.

Privately held Soasta also said Thursday that its financial results from its fourth quarter and 2015 fiscal year, which ended Jan. 31, benefited from the release of its new digital performance management platform, which introduced a series of enhancements and services. The vendor did not release sales numbers, but said fiscal Q4 was record-setting and included its highest quarterly bookings.

Read more at Internet Retailer

Original content by Tracy Maple