$2 Million for BEZ Systems

Wade Roush 1/30/08

Boston-based BEZ Systems, which makes software that helps companies model, predict, and sidestep database workload problems, announced today that it has raised $2 million in “preferred financing” from Ascent Venture Partners, Velocity Equity Partners, and the Massachusetts Technology Development Corporation. The 15-year-old company said the funds will be used to launch a new product line.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.