SurveyMonkey Acquires TechValidate

PALO ALTO, CA & EMERYVILLE, CA – SurveyMonkey, the world’s leading online survey and data insights platform, today announced the acquisition of TechValidate, a web-based software platform specializing in marketing content automation. The acquisition complements SurveyMonkey’s core platform creation, collection and analysis services, allowing businesses to publish marketing content from their survey findings as well. Financial terms of the transaction were not disclosed.

TechValidate is an innovator in the marketing content automation field. Founded in 2007 by Steve Norall and Brad O’Neill, TechValidate solves a significant content creation challenge faced by sales and marketing professionals by providing the industry’s first and only automated platform that collects and transforms customer experience data into credible content for use across all key marketing and sales communication channels. Along with delivering market research and customer insights, the platform serves more than 300 customers and creates a variety of content including case studies, ROI analyses, customer testimonials and reviews.

“TechValidate’s automated content-generation platform helps every customer now get more from their survey results. They’ve taken data analytics one step further and moved into easily and effortlessly producing verified marketing content,” said Bill Veghte, SurveyMonkey’s Chief Executive Officer. “We are excited to work with the talented TechValidate team to solve a universal pain point for sales and marketing professionals worldwide.”

“By providing real-time, affordable access to data, SurveyMonkey demonstrated that people could do more with data and TechValidate is a natural extension of this approach,” said Steve Norall, Chief Executive Officer of TechValidate. “When we started TechValidate in 2007, our founding insight was that we could quickly transform online survey data into compelling, credible content for marketing and sales communications."

“We are thrilled to join forces with SurveyMonkey, and look forward to benefiting from their complementary insights platform and deep industry experience as we continue to develop our product suite to enable marketers to quickly build engaging content and deliver actionable insights,” said Brad O’Neill, President of TechValidate.

"For more than 6 years, our marketing and sales teams have leveraged TechValidate to address our global content marketing development objectives," said Asim Zaheer, Chief Marketing Officer at Hitachi Data Systems. "The speed, cost efficiency and flexibility of TechValidate has measurably improved our ability to tell the right story at the right time in the marketplace."

SurveyMonkey plans to maintain TechValidate’s current headquarters in Emeryville, CA, along with TechValidate’s management team, 50 employees and current product offerings.

About SurveyMonkey
SurveyMonkey is the world's leading online survey platform, with more than 3 million survey responses every day. SurveyMonkey has revolutionized the way people give and take feedback, making it accessible, easy and affordable for everyone. The company was founded in 1999 with a focus on helping people make better decisions, and has built technology based on over 10 years of experience in survey methodology and web development. Customers include 99% of the Fortune 500, academic institutions, organizations and neighborhood soccer leagues everywhere.
The company has over 500 employees throughout the United States and Europe, with headquarters in Palo Alto, CA. For more information, visit www.surveymonkey.com.

About TechValidate
Founded in 2007, TechValidate is a pioneer and leader in the marketing content automation field. TechValidate's on-demand offering is the first and only automated platform that collects and transforms customer experience data into credible content (case studies, ROI analyses, customer testimonials, customer reviews) for use across all key marketing and sales communication channels. The company serves customers from fast-growing startups to Fortune 500 companies and in industries, ranging from technology, financial services, life sciences, healthcare, and telecommunications. Learn more at www.techvalidate.com and view all vendor research in the TechValidate Content Library.

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