Sonian Secures $7,500,000 New Financing Round

  • Feed Type
  • Date
    10/14/2015
  • Company Name
    Sonian
  • Mailing Address
    3 Allied Drive Dedham, MA 02026 USA
  • Company Description
    Sonian is a technology platform and hosted services company on a mission to help millions of organizations world-wide manage their critical IT functions such as archiving, search, compliance, e-discovery and storage management. The Sonian platform is easy to use, cost effective, scalable and secure.
  • Website
    http://www.sonian.net
  • Transaction Type
    Debt
  • Transaction Amount
    $7,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This financing follows rapid corporate momentum marked by a record quarter in sales and profitability, and will be used to fuel product development and staffing efforts as the company continues to expand.
  • M&A Terms
  • Venture Investor
    Ares Capital