Wednesday, April 9, 2008

PowerSteering, the only On-Demand, Enterprise PPM software used to manage Information Technology, Six Sigma and other strategic initiatives got $3.5M

What Company Is Offering:
PowerSteering Software is the leader in On-Demand Enterprise PPM software for Information Technology, Operational Excellence, New Product Development and other enterprise initiatives. Its easy-to-use software provides executives at the US Army, Raytheon, Ingersoll Rand, Merck, Johnson & Johnson, United Health Group, TD Bank, Washington Mutual, IBM, Best Buy and over 120 other customers with executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise.

How Much They Got From VCs :

PowerSteering, the only On-Demand, Enterprise PPM software used to manage Information Technology, Six Sigma, New Product Development and other strategic initiatives, today announced new financing totaling $3.5M, the appointment of a new Sales Executive and continued sales momentum.

New investor MMV Financial, a Toronto-based finance company specializing in technology and life sciences companies, and existing investors Advent International and Hudson Ventures participated in the new financing. The funding will support several customer satisfaction initiatives to improve performance for international customers in remote locations, strengthen 24 x 7 global customer support and worldwide hosting services, and facilitate new Enterprise PPM product enhancements in its upcoming Spring 2008 release.

More at:www.powersteeringsoftware.com

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