Vovici raises $6.3 million from investors

By Dan Beyers
Monday, April 26, 2010

Vovici, a Dulles company that specializes in software for online surveys and customer feedback, has raised $6.3 million from investors, bringing its total funding to $22.8 million.

The company said it plans to use the money to expand its current product offerings and bolster its sales, marketing and business development efforts.

Vovici posted two consecutive profitable quarters in the second half 2009, and last week said sales in the first quarter of this year had increased 40 percent over a similar period last year as it added 50 new customers, including the Department of Homeland Security, Ogilvy and Yellowbook. All told, the company has signed up 300 new customers since the beginning of 2009.

Greg Stock, chief executive and chairman, has a history of helping companies grow, then selling them or taking them public. He most recently served as president and chief executive of Mirage Networks, a provider of network security based in Austin. He's no stranger to Northern Virginia, with previous executive stints at the technology firms Vastera and Manugistics.

Existing investors Austin Ventures and Mayfield Fund participated in the latest round of funding.


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