MINNEAPOLIS (July 7, 2009) – TST Media, a Minneapolis-based leader in Web solutions for organizations, announced the successful close to its round of equity investment financing on June 15th. Since launching in 2005, TST Media has become a market leader in the amateur sports vertical and currently provides services to clients in all 50 states, each Canadian province, and countries around the world.
"This is an exciting day for the team here at TST Media," said Justin Kaufenberg, CEO TST Media. "The additional financial resources provide our company with the tools we need to expand more rapidly and aggressively than ever before."
Twin Cities Angels, a prolific local investment group, led the round of financing and were joined in this round by a number of high profile angel investors. Originally founded in a dorm room by Kaufenberg and Carson Kipfer, TST Media COO, this is another milestone in the realization of their dream to create a world changing software company.
Using the NGIN.COM platform, the company can quickly and efficiently provision web based systems that allow organizations to manage all of their operations online within a single application. Features include front-end website content management, member management, financial transactions, e-commerce activity, document storage, and social member interaction. The company takes pride in providing real software solutions to the real needs of formal organizations.
A profitable company since inception, TST Media has grown to this point organically. "It is important to note that this equity raise was not a necessity but rather a tremendous opportunity to go further and faster in a wide open market," added Kaufenberg. "We could not be more pleased with the investment group that filled out this round. We secured the financial resources needed to push operations to a new level and compiled a group of outstanding individuals who will be instrumental in our aggressive expansion."
TST Media is preparing to launch a host of new platform features, including major enhancements to its sports organization league management system. Additional feature releases will follow shortly as the company begins to add significant talent to its engineering and business development teams. The company is also preparing for an international expansion as its software systems gain traction around the world and in a number of other verticals.
About TST Media:
TST Media is a Minneapolis-based company that creates feature-rich software solutions for formal associations and their members. Marketed under the NGIN (pronounced “Engine” and found online at www.ngin.com) brand name, its software solutions are utilized worldwide. Learn more at www.tstmedia.com
Press Contact:
Justin Kaufenberg, CEO
TST Media
612-379-1030 x.101
kaufenberg@tstmedia.com
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