Memento Gets $2M Debt Deal, New CEO

10/18/10

Memento, a Burlington, MA-based developer of software to detect financial fraud, has pulled in a $2 million round of debt financing, according to an SEC filing. In November 2008, the firm raised $10 million in a fourth round of financing from .406 Ventures, Bain Capital Ventures, and Rock Maple Ventures. Last week, Memento announced that John O’Malley, the former chief executive of Harland Financial Solutions, had replaced one of the company’s founders, BC Krishna, as CEO.

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