March 18, 2013
MINNESOTA’S FASTEST GROWING COMPANY NOT SLOWING DOWN
Magnet 360 secures capital to sustain unprecedented growth and drive market expansion
MINNEAPOLIS – March 18, 2013 – Magnet 360, a Minneapolis-based marketing and technology consultancy, today announces that it has raised nearly $1.6 Million of investment funding from sources including salesforce.com, StarTec Investments, and several angel investors.
Recently named Minnesota’s fastest growing privately held business with a three-year growth rate of 571% (2009 – 2011), Magnet 360 nearly doubled its revenue in 2012. The company has expectations to continue this rapid growth, and in preparation, has raised capital to expand its delivery capability, grow business development and open new markets.
Magnet 360 is led by three managing partners: Scott Litman, Dan Mallin and Matt Meents. In regards to the firm’s notable growth, Litman says, “The market dynamics really couldn’t be aligning any better for us right now. Our customers are looking for better ways to engage their audiences to support their efforts in customer acquisition and retention. This need intersects extremely well with our expertise in delivering Salesforce consulting and implementation services.”
Much of Magnet 360’s growth has been in parallel with salesforce.com’s growth as the enterprise cloud computing pioneer and leader. Says Meents, “We are meeting with some of the world’s leading brands and they want to know how to leverage their customer data to drive engagement. It’s exciting to help them understand how Salesforce enables them to connect with their customers, partners, employees and products in new ways.”
The firm has no plans to slow its momentum in 2013 or beyond. Mallin explains, “With so much demand for services, we feel strongly that this is the right time to continue to invest and grow.”
Magnet 360 is currently hiring for several key positions in Minneapolis, New York, San Francisco, and Chicago.