PowerSteering Software Receives $3,500,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=549713ab-15f4-4d24-89e7-4ec760ddc17e&Preview=1
Date
4/7/2008
Company Name
PowerSteering Software
Mailing Address
141 Portland Street, 10th Floor Cambridge, MA 02139
Company Description
PowerSteering Enterprise is the only On-Demand PPM software used across the enterprise. Our easy-to-use software provides executives, business users, and IT professionals with better strategy alignment, executive visibility and team productivity capabilities to improve their business performance.
Website
http://www.powersteeringsoftware.com
Transaction Type
Debt, Venture Equity
Transaction Amount
$3,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding will support several customer satisfaction initiatives to improve performance for international customers in remote locations, strengthen 24 x 7 global customer support and worldwide hosting services, and facilitate new Enterprise PPM product enhancements in its upcoming Spring 2008 release.
M&A Terms
Venture Investor
MMV Financial Inc.
Venture Investor
Advent International
Venture Investor
Hudson Ventures