EntropySoft Raises $3.5M to Up U.S. Presence
French software firm EntropySoft, which has U.S. headquarters in Cambridge, MA, said yesterday it has closed $3.5 million in new financing led by Alven Capital. EntropySoft, which makes business software for managing data and documents between different content management systems, said it will use the money to boost its technology, expand its sales team, and increase its U.S. presence. Many of its customers are in the U.S., including EMC, Endeca, and Symantec. The company was founded in 2005 and is led by CEO Nicolas Maquaire.