Monday, June 23, 2008
Ex-Intermix Exec Gets $50M For Digital Media Acquisitions
Orange County-based ATCOR Holdings, a new company focused on acquiring and operating high-growth businesses in the online advertising, marketing, and digital media area, has scored $50M in a venture round, according to venture capital firm Austin Ventures. ATCOR Holdings will be headed by Sherman Atkinson, former COO of Intermix Media. Atkinson has also served at Buy.com as COO and President of the firm's BuyServices subsidiary. According to Austin Ventures, Atkinson will be based somewhere in Orange County, and will evaluate opportunities throughout the United States and Europe.