As Business Wire reports, Spiceworks, Inc. has closed a $25 million financing round with new investors to support expansion of the Spiceworks business model.
The expansion will include integrated commerce within the Spiceworks social business network for IT professionals and technology vendors. The network combines free network management, network monitoring and help desk software with a rapidly growing and active Facebook-like community of IT professionals.
“’What Groupon and Facebook are doing for commerce in the consumer market, Spiceworks is doing for IT buying in the business market,’ said Jeff Diehl, partner of Adams Street Partners. ‘The company’s unique blend of IT business applications, community and commerce has created a powerful social marketplace and more efficient channel for the technology industry.’”