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Article: Evolve Software Completes $25 Million Venture Round Led by Goldman Sachs.

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PR Newswire
Article date:
October 4, 1999
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Additional Funds Will Enable Evolve to Extend Leadership in the Exploding

Internet-Based Professional Services Automation Market

SAN FRANCISCO, Oct. 4 /PRNewswire/ -- Evolve Software, the leader in Internet-based solutions for Professional Services Automation (PSA), today announced it has closed $25 million in its mezzanine round of venture funding led by investment firm Goldman, Sachs & Co. The round, which was over-subscribed despite being expanded to accommodate enthusiastic investor response, includes investments from Deutsche Bank Alex Brown, SunAmerica Ventures, Citicorp and Whitman Capital. Previous investors Sierra Ventures and Altos Ventures ...

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