2nd PE Round!

paidcontent.org: iContact [launched '03]...has raised $40 million in a huge second round from PE firm JMI Equity. The company, which had previously raised $13 million in funding, says in its announcement that it will use the cash to “make significant investment in sales and marketing, back-end technology, our product features and usability” and “global expansion.” It has surpassed $40 million in annualized sales—and is already hinting at an IPO to come.