3TS Cisco Growth Fund Has Invested in Leading Romanian Online Media Company, InternetCorp
BUCHAREST, Romania, 3TS Capital Partners, the Growth Capital Investor for Central and Eastern Europe, is pleased to announce that its 3TS Cisco Growth Fund has invested in InternetCorp, one of the top independent online media companies in Romania, by acquiring a minority stake in the firm.
With more than 2 million unique visitors per month to its websites, InternetCorp already has a market share of more than 10% of the Romanian online advertising market. The company was established in 2005 and demonstrated significant growth during the last three years. InternetCorp has successfully addressed the market with a unique combination of an integrated business model and an impressive portfolio of sites in the categories of business, news, and lifestyle, which are all ranked in the top five in their respective segments. Out of the portfolio of 14 websites, the company’s flagship products are www.wall-street.ro, www.kudika.ro and www.9am.ro, reaching a well defined target audience and offering a highly effective advertising environment.
“InternetCorp is a great complement to the existing portfolio of the 3TS Cisco Growth Fund, given the fund’s focus on small and medium-sized technology, media and communications companies across the CEE region. Romania is the second largest CEE EU member country, where the development of internet usage shows a fast growing trend. We are confident that through our investment we can help InternetCorp continue on its growth trajectory,” commented Mr. József Kövér, Partner of 3TS Capital Partners.
“We believe that having 3TS Capital Partners on board is of great value to InternetCorp. Our partner’s track record proves their strong commitment to further develop the businesses they invest in. We are convinced that they will support the growth of InternetCorp not only through investments, but also through know-how, based on their deep understanding of the online media landscape across CEE, and via other successful investments throughout the region. Also, having concluded a deal of significant size during the recession sends a signal that while Romania’s online space is maturing, there is still plenty of room left for potential growth,” added Mr. Mihai Seceleanu, CEO of InternetCorp.
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