mSnap Announces Venture Financing From Partech International
June 13, 2006 at 10:38 AM (PT)
mSNAP, INC., a leading provider of programming tools and text messaging services for the radio, has secured funding from PARTECH INTERNATIONAL to accelerate its overall marketing and business development efforts. mSNAP was first provided funding last DECEMBER by FIRST ROUND CAPITAL.
In addition to the funding, PARTECH Int. Managing Partner VINCENT WORMS has joined mSNAP's Board Of Directors.
mSNAP Founder & CEO MARTIN KRISTISETER said, "PARTECH is a logical investor for us, and we are thrilled to be working with them. Their participation validates mSNAP’s leading role in text messaging for broadcasters and the prospects for our continued success and future growth. We have received a very warm welcome by the radio industry, and we’re currently working with almost two hundred leading radio stations across the country. This investment will help accelerate our progress so we can bring our vision to market much more quickly."
"mSNAP is poised to continue its leading role in mobile marketing for broadcasters with a strong founding team, a dominant market footprint and innovative technology," said PARTECH INTERNATIONAL Co-Founder & Managing Partner VINCENT WORMS. "We are excited to contribute to mSNAP’s growth and look forward to helping the company realize its full potential."