PlumChoice Picks Up $25.6M More

Billerica, MA-based PlumChoice, a company that provides remote IT support and services to businesses, said today it has raised $25.6 million from new investors M/C Venture Partners, Gold Hill Capital, and Eastward Capital, plus previous investors. PlumChoice, which started in 2001 and is led by CEO Ted Werth, previously raised a $14.7 million Series E round in 2009. The company’s customers include Internet service providers, wireless carriers, device manufacturers, retailers, and software makers.

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.