Chargify, the recurring billing software from the Needham, MA-based Grashopper Group, said yesterday on its blog that it had inked an investment from Mark Cuban, the owner of 2011 NBA champions the Dallas Mavericks. Grasshopper Group formed in 2009 as a spinout of Grasshopper—a developer of virtual phone systems for startups—to create products such as Chargify and Spreadable, a word-of-mouth marketing application that Grasshopper Group shut down this year. Grasshopper also announced yesterday in a separate blog post that it will be dialing down the business arm for spinning out new products, and will instead focus on its original phone technology.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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