ClearApp Secures $5,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=656f45fc-1a62-4906-b3ab-4a04ff9b4651&Preview=1
Date
3/12/2007
Company Name
ClearApp
Mailing Address
1871 Landings Drive Mountain View, CA 94043
Company Description
ClearApp helps companies successfully deploy large-scale enterprise applications by assuring optimal performance and availability of their business-critical SOA / J2EE applications, services and infrastructures.
Website
http://www.clearapp.com
Transaction Type
Debt
Transaction Amount
$5,000,000
Transaction Round
Undisclosed
Proceeds Purposes
ClearApp will use the funds for the company’s expansion plans, particularly in the areas of field sales and marketing, related to increasing demand for its QuickVision solution.
M&A Terms
Venture Investor
Triple Point Capital