New Ventures

Representatives from enterprise feedback management solutions provider Perseus Development Corporation and WebSurveyor, leading provider of online survey tools for business professionals, today announced the merger of the two companies. The entities will be combined under a newly formed holding company funded by Austin Ventures and can now count an installed customer base of more than 25,000. Public relations material stated that the strategically involved the combined companies’ strategic positioning to now deliver a complete line of web survey tools, solutions, services, and delivery options enabling business professionals, global organizations, and research firms to obtain, analyze, and leverage critical feedback for improved decision support.

In a separate announcement today, former Greenfield Online CEO Dean Wiltse, was named chairman and CEO of the combined entity. The newly combined entity will operate in five countries, with an expanding customer base that includes more than half of the Fortune 500. Perseus bills itself as a leader in the transition from web survey software to enterprise feedback management solutions.

Perseus products are promised to enable business professionals to quickly and easily obtain, analyze, and manage sophisticated enterprise feedback using web-based software. Perseus Survey Solutions is a recipient of PC Magazine’s Editors’ Choice award for web-survey software, a Deloitte Technology Fast 500 Company, and a four-time Deloitte Technology Fast 50 company. WebSurveyor Corporation is a provider of online survey technology solutions. Since 1998, the company has collected 4,000 customers. WebSurveyor ensures (no, really: There’s a money-back guarantee!) data security and confidentiality, a reliable survey hosting service, dependable survey software and a responsive team of survey experts.

WebSurveyor is a 2004 and 2005 Inc. 500 company, Deloitte Technology Fast 500 company, and a Deloitte Technology Fast 50 company. Austin Ventures was established in 1979, and now boasts US $3 billion under management. AV is self-billed the most active venture capital firm in Texas, so you know it’s pretty big. AV focuses on business services, information services, computer and communications hardware, and enterprise software.