Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
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Digg Plans for Growth with New Funding
Social news pioneer Digg, facing intense competition from Yahoo's Buzz, has unveiled aggressive plans to grow in size and scope and boost its features.
September 24, 2008 — IDG News Service —
Social news pioneer Digg, facing intense competition from Yahoo's Buzz, has unveiled aggressive plans to grow in size and scope and boost its features.
Digg announced on Wednesday that it raised US$28.7 million in its latest funding round and that it will use the money to double its staff and expand internationally.
Digg, founded in 2004, popularized many so-called social news features, such as letting readers submit, vote for, rank and comment on articles, which have been adopted widely by mainstream news outlets across the Web.
Yahoo's recent launch of its social news site, called Buzz, has turned up the competitive heat in this space, and is likely a motivation behind Digg's improvement plans.
Digg, which said its traffic has doubled in the past year to around 30 million monthly unique visitors, has often been rumoured as an acquisition target by larger players like Google.
However, the company remains independent and, judging by Wednesday's announcement, up for the fight by, among other things, growing its staff from 75 to 150 employees by December of next year. Digg also plans to revamp its site's operation to make it easier for visitors to find content and customize their experience.
The company also intends to expand internationally, offer its service in other languages and improve its analytics tools for publishers. In addition, Digg wants to strengthen its advertising services to boost that revenue stream.
This latest funding round was led by Highland Capital Partners and also included Greylock Partners, Omidyar Network and SVB Capital. Digg previously raised $8.5 million in December 2006 and $2.8 million in October 2005.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
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