BEZ Systems Secures New Funding

12/1/08Follow @bbuderi

BEZ Systems, a Boston maker of software that helps companies model, predict, and get around database workload problems, announced today that it has raised undisclosed funding as an extension of its Series D financing. The company raised $2 million in January. The new round was led by Ascent Venture Partners, with participation from Velocity Equity Partners and the Massachusetts Technology Development Corporation, all previous investors. BEZ said the funds will be used to strengthen product virtualization support and channel development.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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