ePrize Secures $32 Million Investment
ePrize, a leading interactive promotion agency, announced yesterday that it has secured a $32 million investment from several Detroit-area business leaders. The Pleasant Ridge, MI-based company received this investment from local investors Brian Hermelin and Gary Shiffman, who were joined by Livonia, Mich.-based Camelot Ventures, which is led by Detroit businessmen David Katzman and Dan Gilbert.
The company’s CEO, Josh Linkner, is undoubtedly thrilled about this news, offering in a statement, “Our new board members will add considerable strategic value to ePrize, acting as mentors and bringing a wealth of experience to enable the company to grow. Our sales revenue has grown five-fold since 2002 and we are now fortunate to work with many of the world’s top brands. This investment will enable us to acquire new clients, develop new technology and continue our overall expansion.”
ePrize, which develops online promotions, including sweepstakes and reward programs, has developed and managed more than 2,000 campaigns in 36 countries for some of the world’s most recognized brands including Coca-Cola, American Express, Yahoo and General Motors.
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