Aria Systems Garners $20,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7699cb65-482c-4874-945b-134be718a20d&Preview=1
Date
2/1/2011
Company Name
Aria Systems
Mailing Address
101 S. Ellsworth Ave. San Mateo, CA 94401
Company Description
Aria Systems is the premier provider of on-demand billing and customer management solutions for software-as-a-service, gaming & entertainment companies. The Aria solution integrates a sophisticated billing engine with customer support and marketing tools in a single, highly configurable application. Advantages include quicker time-to-market, accelerated revenue capture, business process automation, and significantly reduced operating costs.
Website
http://www.ariasystems.com
Transaction Type
Venture Equity
Transaction Amount
$20,000,000
Transaction Round
Series C
Proceeds Purposes
This investment – and new strategic partnership with a Fortune 500 company – allows us to cement our leadership position in the recurring billing marketplace.
M&A Terms
Venture Investor
InterWest Partners
Venture Investor
Hummer Winblad Venture Partners
Venture Investor
Venrock