WebLayers, a Cambridge, MA-based provider of software to govern IT policies of service-oriented architectures, says it has raised $3 million in an equity financing and tapped former Lotus Development CEO Jeff Papows to be its president and chief executive. The equity round, which has a contingency for additional funds, included participation from Ascent Venture Partners, Cedar Fund, and Veritas Venture Partners, according to the company.
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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