Wednesday, March 19, 2008

Pivot---Revenue-generation tools, has secured $3 million in financing

What Company Is Offering:

Pivot is an inter-enterprise network that leverages Web 2.0 communication and collaboration capabilities to create revenue-generation tools for trading-related workflows within the capital markets arena. The Pivot network helps transform conversations into ideas and ideas into transactions by integrating information, relationships and transactions into a single pivot point, giving customers the best information to base decisions. Based in New York City, Pivot is backed by Eze Castle Integration and leading venture capital firms Softbank Capital, Draper Fisher Jurveston Gotham Ventures and Hudson Ventures.

How Much They Got From VCs:

Pivot Inc., a real-time enterprise collaboration network serving the capital markets, has secured $3 million in financing from MMV Financial, Inc. Pivot will use the funds to maintain its steady growth rate while continuing to develop core business operations, Pivot 360 and partner integration.

Pivot creates revenue-generation tools for participants in trading-related workflows. Pivot's full suite of real-time collaboration applications tighten processes, expand collaboration opportunities and streamline information management. Pivot provides the capital markets with an advanced platform to facilitate expanded trading capabilities, reduced costs and improved investment performance.

About VCs:
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de d鼯SPAN>p?PAN>t et placement du Qu鼯SPAN>bec, HSBC, NewStar Financial Inc., and Wells Fargo Company. For more information please visit

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