WebLayers Raises $3M, Hires CEO

1/13/09

WebLayers, a Cambridge, MA-based provider of software to govern IT policies of service-oriented architectures, says it has raised $3 million in an equity financing and tapped former Lotus Development CEO Jeff Papows to be its president and chief executive. The equity round, which has a contingency for additional funds, included participation from Ascent Venture Partners, Cedar Fund, and Veritas Venture Partners, according to the company.

By posting a comment, you agree to our terms and conditions.