Wednesday, September 10, 2008

Troux Inks $2.5M Deal

Austin-based Troux Technologies, a provider of IT planning and control software, said today that the firm has inked a deal worth more than $2.5M for its software. According to the firm, an unnamed insurance company has signed the multi-million dollar contract for the firm's software, which is used to manage IT operations. Name and details of the customer were not released. Troux said its software will be used as part of a strategic roadmapping effort, to modernize the customer's IT processes and applications. The firm is venture backed by Austin Ventures, Equitec Partners, Four Seasons Venture, Greylock Partners, Pinnacle Ventures and Verdane Capital.