Tuesday, April 22, 2008

Exari Group, Inc. , a leading automated document assembly and Contract Life-Cycle Management company got funding

What Company Is Offering:
Exari is a global leader in automated document assembly and Contract Life-Cycle Management for large enterprises. Their patented software is used by legal, procurement, sales, insurance, banking and government professionals to streamline the creation and management of contracts, legal and business documents. Their patented XML and web technologies, deliver solutions that are easy to use, scalable, and easy to integrate with other enterprise systems.

How Much They Got From VCs:
Exari Group, Inc. , a leading automated document assembly and Contract Life-Cycle Management company, announced today that it has received funding from Beacon Equity Partners LLC. The funding will be used to accelerate growth and expand into the U.S. Exari, which was founded in Melbourne in 2000, has opened a U.S. headquarters in the Prudential Tower, in Boston Massachusetts. The $10 million dollar transaction gives Beacon a majority ownership in Exari. Beacon also owns a majority stake in Anaqua Inc, which is in the legal software field and will have a synergistic partnership with Exari.

About VCs:

Beacon helps the leaders of early stage through middle-market companies develop their ideas, grow successfully and increase shareholder value. Beacon is majority owner of Anaqua Inc. which is also a software company in the legal industry. For more information, visit www.beaconep.com.

More at:www.exari.com

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