The story
Act-On was founded in 2008 by Raghu Raghavan, formerly a founder of Responsys. Act-On initially sold through alternate channels, but later created its own sales team.
In 2011, Act-On raised a third round for $10 million in June 2011 and established a new location in Silicon Valley. The company raised an additional $16 million in funding the following year.
By 2013, the number of employees had grown to 140, up from 11 in 2010 and 35 in 2011.
In April 2014, $42 million in additional funding was raised, which was the largest funding round in the Oregon technology market since the dot com bubble. In 2015, Act-On expanded its executive team with a new CFO, formerly of the company Jive, a VP of demand generation, previously with ExactTarget, and a VP of cloud operations.
In 2015, Act-On announced the appointment of Andy MacMillan to the position of CEO. The former CEO and company founder Raghu Raghavan assumed the role of CTO. Prior to joining Act-On Software, Andy held several senior leadership positions at Salesforce, including Chief Operating Officer of the Products Division and Senior Vice President & General Manager of Data.com.
In 2018, Act-On announced its board of directors had appointed Kate Johnson as the company's new CEO to replace Andy MacMillan. The company consolidated its operations to Portland, Oregon at this time. Ms. Johnson had served as Act-On's CFO for the prior 3 years and was endorsed by Diane Fraiman, Act-On board member and investor in the formal press release.
In 2019 Act-On raised a second round of funding for $4 million.
In June 2020, Act-On Software rebranded. It was later acquired by Boston Capital Ventures (BCV, LLC) for $53 million in February 2024.
From Wikipedia’s article on Act-On, shared under CC BY-SA 4.0.4