Memento, a Burlington, MA-based developer of software to detect financial fraud, has pulled in a $2 million round of debt financing, according to an SEC filing. In November 2008, the firm raised $10 million in a fourth round of financing from .406 Ventures, Bain Capital Ventures, and Rock Maple Ventures. Last week, Memento announced that John O’Malley, the former chief executive of Harland Financial Solutions, had replaced one of the company’s founders, BC Krishna, as CEO.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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