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Article: United States: OpTier raises $63m in fourth round of funding.
- Article from:
- TendersInfo
- Article date:
- September 25, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
OpTier(TM), the leader in business transaction management, today announced that it has raised an additional $47.5 million in funding from new investors Index Ventures and Morgan Stanley and existing investors Pitango Venture Capital, Carmel Ventures, Lightspeed Venture Partners, Gemini Israel Funds and strategic partner Cisco. The company has also secured a $15M credit line with Plenus Venture Lending. The funding is a reflection of investors' confidence in OpTier's current and future growth prospects. In the past year, OpTier further accelerated and broadened its deployments in Fortune 500 organizations, generating significant sales growth. Along ...