Tuesday, February 26, 2008

Bluenog saves organizations time and money by providing pre-integrated products and solutions got $4 million Series A round of financing

What Company Is Offering:
Bluenog saves organizations time and money by providing pre-integrated products and solutions that blend open source and commercial technologies together. The company's focus is on enterprise infrastructure software including Portal Servers, Enterprise Content Management, and Business Intelligence. Bluenog's open source platform integrates with leading commercial stacks and can also be run stand-alone.

How Much They Got From VCs:

Bluenog, announced the closing of a $4 million Series A round of financing. Led by NewSpring Ventures, the dedicated growth and expansion stage venture fund of the NewSpring Capital fund family, the round will support the expansion of the company's product development and sales and marketing efforts as well as its professional services offerings.

About VCs:

NewSpring Capital, based in Radnor, Pennsylvania, and Short Hills, New Jersey, is a leading provider of private equity capital focused in the Mid- Atlantic region. NewSpring Capital currently manages approximately $500 million across its fund-specific family of three dedicated funds: (i) NewSpring Ventures provides equity capital to growth and expansion stage companies with a focus on business services, enabling technology, and information technology, (ii) NewSpring Health Capital provides equity capital to healthcare companies within the life science, healthcare services, and medical device sectors, and (iii) NewSpring Mezzanine Capital provides mezzanine capital for expansion stage and buyout opportunities in the business services, healthcare, information technology, and specialty manufacturing sectors. NewSpring Capital partners with entrepreneurs, leveraging its capital and experience, to assist them in turning their visions into reality. visit.www.newspringcapital.com.

For more at: www.bluenog.com.

No comments: