Premium online advertising network Undertone Networks, a premium online advertising network, has received a strategic investment from JMI Equity, a private equity firm exclusively focused on investments in growing software and business services companies. JMI will work closely with Undertoneâ€™s management team to help the company continue to grow, deliver innovative services to its clients and create opportunities for its employees.
As part of the transaction, Brad Woloson, a General Partner at JMI, has joined Undertoneâ€™s Board of Directors. ORIX Venture Finance led the financing for the transaction. Terms of the investment were not disclosed.
Originally posted on April 7, 2008 @ 10:28 am