Media company Ziff Davis has agreed to acquire Spiceworks, the US-based operator of a networking platform for IT professionals, for an undisclosed amount, allowing investment banking firm Goldman Sachs to exit.
Founded in 2006, Spiceworks runs an online social marketplace where IT professionals can be hired. Businesses can market their services on the platform, and the company also offers advertising technology to client companies.
Spiceworks had raised a total of $111m, most recently securing $57m in a 2014 series E round led by Goldman Sachs and backed by existing investors Adams Street Partners, Austin Ventures, IVP, Tenaya Capital and Shasta Ventures.
