Private Equity Week Wire for Monday 6/4
Summary
MINNEAPOLIS — Adaytum, a leading provider of enterprise business planning (EBP) solutions, today announced it has closed a $7.4 million round of preferred stock venture financing. ANDOVER, MA — HydroCision Inc. announced today it has received $2 million in a second round of private financing from Oxford Bioscience Partners (www.oxbio.com), a leading life sciences- and medical technology-focused venture capital firm headquartered in Boston. Connected will use this funding to accelerate the development and market adoption of its award-winning TLM software that radically improves worker productivity and reduces corporate costs by ensuring the availability, functionality and protection of PCs across the enterprise. MAYNARD, MA –AP Engines, the only provider of a complete OSS integration platform for telephony and broadband provisioning and usage management, today announced that it has closed $30 million in second round financing. VANCOUVER – NxtPhase Corp., a leading developer of digital and fiber optic solutions for the electric power industry, today announced the completion of a US$25 million private equity financing.