St. Louis IT company raises $39 million

A group of 20 investors led by the CEO of Answers Corp., a St. Louis-based company best known for its question and answer website Answers.com, has raised $39 million through an equity offering, according to a filing with the Securities Exchange Commission. The raise comes just more than a month after Apax Partners agreed to acquire Answers, which owns other cloud-based companies that help businesses engage with consumers, in a deal worth $900 million.

Answers, which went public in 2004, was taken private after its 2011 acquisition by a St. Louis-based equity firm run by now-CEO David Karandish for $127 million. Answers reported $165.5 million in 2013 revenue and has more than 150 employees in St. Louis.

Read more from the St. Louis Business Journal

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