XLerant Lands $1,502,505 New Funding

  • Feed Type
  • Date
    4/25/2011
  • Company Name
    XLerant
  • Mailing Address
    700 Canal Street Stamford, CT 06902
  • Company Description
    BudgetPak is the only budgeting tool that actually assists line managers in creating valid cost center budgets the first time around, saving countless hours of budget validation and rework. BudgetPak helps control budget inflation by making each decision that impacts the budget transparent, and by making it easy for line managers to develop a valid budget to begin with. Best of all, BudgetPak integrates with your existing planning applications — from the most sophisticated enterprise systems to Excel.
  • Website
    http://www.xlerant.com
  • Transaction Type
    Debt
  • Transaction Amount
    $1,502,505
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. Debt is in the form of convertible promissory notes. SEC regulatory filing – amended.
  • M&A Terms
  • Venture Investor
    Undisclosed

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