Aravo Solutions Receives $27,000,000 Series D Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=824181e7-fb0d-4381-8094-9e3e717805c1&Preview=1 -
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
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Venture Investor
Cisco Systems, Inc. -
Venture Investor
Undisclosed
