Tech Company Financing Transactions
XLerant Funding Round
Connecticut Innovations and private investors invested in a $1.2 million Series A funding round for XLerant. The funding round was recorded on 1/10/2008.
Transaction Overview
Company Name
Announced On
1/10/2008
Transaction Type
Venture Equity
Amount
$1,200,000
Round
Series A
Investors
Connecticut Innovations (Lead Investor)
Proceeds Purpose
"This investment by CI will enable XLerant to penetrate the market more rapidly than originally anticipated. There is a real void in the market for a product that meets the needs of both large and small firms," said New Canaan resident Lawrence Serven, co-founder and chief executive officer of XLerant
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
500 Summer Street 400
Stamford, CT 06901
USA
Stamford, CT 06901
USA
Phone
Website
Email Address
Overview
BudgetPak helps control budget inflation by making each decision that impacts the budget transparent, and by making it easy for line managers to develop a valid budget to begin with. Best of all, BudgetPak integrates with your existing planning applications -- from the most sophisticated enterprise systems to Excel.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ted Dacko
Chief Technical Officer
Charles Pevsner
VP - Client Services
Joanne Brunn
VP - Sales
Bill Alderton
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