Lanyon Secures $10M in Expansion Funding

Funding Rounds

▤ Summary

Lanyon, Inc., a Dallas, Texas-based provider of content, bid and spend management solutions to the global travel and hospitality industries, announced that it has received $10m in expansion funding from Frontier Capital, a private equity firm providing growth equity to technology enabled business services companies.The investment will support expansion of sales, marketing and customer support resources together with further enhancement of the company’s on-demand solutions.As stated by Todd E. Tyler, President and Chief Executive Officer of Lanyon, “With this funding from Frontier Capital we will be able to accelerate the introduction of additional solutions and build out service delivery as we increase the number of our customers”.FinSMEs 03/12/2009

$ Funding

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Amount $10.0M Total raised
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Date December 3, 2009 Announcement date
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Investors - Lead investors
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Company lanyon.com Funded company

▥ Classifications

industries
Hospitality
applications
Web and Content Management

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▦ Linked Companies

RegOnline by Lanyon
$10M to $25M