Arkayne Mentioned In The Arizona Republic

The Arizona Republic ran a short piece on Arkayne’s recent press release in their business section today.  The articles main focus was on Arkayne’s recent investment announcement, where $1 million was raised with about 80 percent coming from Arizona.  Read the whole article below:

A Scottsdale startup’s interactive marketing technology is garnering investors’ attention. Arkayne Inc. recently closed a $1 million round of funding that included local angel investor group Arizona Technology Investor Forum and other financiers.  Formed in late 2008 by entrepreneurs Nicholas Aretakis and Paul Kenjora, the company developed software that tries to help retailers and other businesses generate more online sales by measuring their site traffic against that of competitors.

The diagnostic tool will “crawl a client site (and) . . . we can compare their content . . . with their target audience, with partners, resellers and . . . the best performing competitors in their class,” said Aretakis, Arkayne’s CEO.

Individuals involved with Arizona Technology Investor Forum provided about $250,000 in funding, Aretakis said. He raised the rest of the financing from friends, family and other business partners.  ”I wanted to raise the funds in Arizona,” he said, noting that about 80 percent it came from local investors.”

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