Verient Picks up $3M

Wade Roush7/30/10

San Jose, CA-based Verient, which makes payment processing software for Web merchants, has raised $3 million in a round of equity-based financing that could total as much as $5 million, according to a July 28 regulatory filing. The identities of the funders have not been disclosed, but the company’s existing investors included DoCoMo Capital and Global Catalyst Partners, according to its website.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @