Tuesday, October 21, 2008

Texert Gains $3M In Funding Round

Texert Inc. announced Tuesday that it has closed its initial round of institutional funding after raising $3 million. The Dallas-based enterprise risk management software publisher credited the Series A effort to New Venture Partners LLC, a global venture capital firm dedicated to corporate technology spinouts. Texert said it will use the money for product development, expanding sales and marketing initiatives and launching a go-to-market strategy. As a result of New Venture's participation, two of its partners—Daniel Deeney and Harry Berry—will join Texert's board of directors, the company noted. More information »