aPriori Technologies Lands $5,000,000 New Financing Round

  • Feed Type
  • Date
    7/16/2012
  • Company Name
    aPriori Technologies
  • Mailing Address
    200 Baker Avenue Concord, MA 01742
  • Company Description
    aPriori is a venture-backed company developing an innovative platform of cost management software solutions for the discrete manufacturing industry. aPriori’s patent-protected Cost Management platform, originally developed in tight collaboration between the University of Illinois, Urbana-Champaign and a Fortune 100 manufacturing company, allows companies to assess, control, and reduce cost of goods sold (COGS) by whole percentages. aPriori, headquartered in Concord, MA, was founded in 2003, and is funded by Bain Capital Ventures and Sigma Partners.
  • Website
    http://www.apriori.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will be used to expand the company’s sales and services teams in Europe and accelerate development of its sales channel in the Asia/Pacific region. aPriori will also continue to invest in the expansion of its product costing capabilities for expert cost engineers and sourcing personnel, and expand best practices within its professional services organization to help customers maximize value from their investments in aPriori.
  • M&A Terms
  • Venture Investor
    Sigma Partners

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