Cary-based DZone Receives Investment from SFW Capital Partners

10/18/17

DZone Inc., a platform for software developers to share and learn technical information, has received an investment from New York-based private equity firm SFW Capital Partners.

The amount was not disclosed.

SFW believe that the Cary-based company fits with its focus on investing in businesses in the information value chain with a focus on multi-sided information networks, according to a press release found here.

The company is led by the founders, Chief Executive Officer Rick Ross and Chief Technical Officer Matt Schmidt, and is split into two business units.

DZone Media focuses on user generated content targeted to a global audience of software developers, and AnswerHub is a platform built for knowledge sharing and community engagement.

“After a thorough process evaluating a breadth of investment partners, we feel strongly that SFW’s relevant experience supporting the growth and development of information and software businesses, their deep knowledge of our company and markets, and their strong industry-specific network will best position DZone for accelerated growth and development,” stated Ross and Schmidt in the release.

DZone.com supports over 5 million software developers while AnswerHub engages 10 million daily users across hundreds of different interactive platforms.

Other investments made by SFW include Keypoint Intelligence, IAG Research Inc., and Essen BioScience, Inc.

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