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BW: Andover.Net Receives $10 Million in Mezzanine Funding From TA Associates

“Andover.Net…the Internet’s leading Linux destination, today
announced it has raised $10 million in mezzanine financing from TA
Associates of Boston, Mass. In addition to the capital investment,
TA Associates Principal Jonathan M. Goldstein joins Andover.Net’s
board of directors. Having acquired three strategic Internet
properties in the last three months, this latest round of funding
will help Andover.Net complete additional acquisitions and expand
its presence in the growing Linux market.”

“Since June, Andover.Net has experienced a tremendous growth
highlighted by the acquisitions of Slashdot and Freshmeat,” said
Bruce Twickler, president and CEO of Andover.Net. “This round of
financing from TA Associates will help us develop our existing
sites and continue to add valuable properties to our network of
sites…”

Andover.Net has quickly established itself as a Linux
community leader,” Goldstein said. “It is an exciting time to join
its board of directors and help the company plot its course to
further develop its presence in this growing market.


Complete Press Release