Aravo Solutions Receives $27,000,000 Series D Financing Round

  • Feed Type
  • Date
    12/2/2009
  • Company Name
    Aravo Solutions
  • Mailing Address
    400 Montgomery Street 10th Floor San Francisco, CA 94104
  • Company Description
    Aravo Solutions reduces supply costs for Global 2000 organizations by providing visibility and control over the entire range of supply management business processes from defining commodity strategy and enabling suppliers through managing supplier performance.
  • Website
    http://www.aravo.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $27,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    The Series D funds will be used to develop new products and to expand sales, marketing, and delivery capacity. A series of product roadmap announcements are scheduled for early 2010 and will include new products and services focused on the burgeoning enterprise supplier collaboration (ESC) market. During the first phase of product development, Aravo will work with Cisco to power the next generation of enterprise supplier collaboration by integrating technologies such as Aravo SIM and Cisco WebEx.
  • M&A Terms
  • Venture Investor
    Cisco Systems, Inc.
  • Venture Investor
    Undisclosed

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