In 2012, it opened its European headquarters in London, England. The company released a free network monitor product in December 2014. Subsequent versions followed, leading up to version 7.0 in 2013. The company released the 2.0 version of its software in December 2007. By the end of its first year, Spiceworks had 120,000 users. It focussed on simplifying the process of taking inventory, monitoring networks, and generating reports for IT professionals at small and medium-sized businesses. The 1.0 version of Spiceworks was released in November 2006. In April 2011, Spiceworks received $25 million in series D funding from Adams Street Partners and Tenaya Capital and a 2014 series E financing round worth $57 million led by Goldman Sachs. The company's $18 million series C funding round in January 2010 was headed by Institutional Venture Partners. Spiceworks' series B funding round was completed in August 2007 and included $8 million from Shasta Ventures and Austin Ventures. The company received $5 million in series A funding from Austin Ventures in June 2006. They joined forces to bring together Ziff Davis B2B’s rich content, data, and performance marketing capabilities with Spiceworks’ product and community expertise, ultimately delivering new insights for technology professionals, greater intent-driven market and account intelligence for technology brands, and new experiences that will connect both parties when they need it most. Ziff_Davis completed the acquisition of Austin, Texas-based Spiceworks in September 2019. The group had originally gathered in 2005, envisioning a social methodology in which to do IT. The company was formed in January 2006 by Scott Abel, Jay Hallberg, Greg Kattawar and Francis Sullivan, former executives at Motive.

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