Coaxis Coaxes $10M from Updata

Gregory T. Huang2/3/10

Portland, OR-based Coaxis, the parent company of Viewpoint Construction Software, has raised $10 million in growth equity funding from Virginia and New Jersey-based Updata Partners. The money will be used to fuel the company’s international expansion in marketing and product distribution. Viewpoint’s software, which is built on Microsoft’s .NET platform, is used by construction firms in the U.S., Canada, and Australia.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.