Collaboration Software Developer nGenera Secures $10 million in Financing
nGenera, developers of Collaborative Enterprise Management (CEM) software, announced that it has secured $10 million in a Series C round of funding, with Foundation Capital and Oak Investment Partners as participants. nGenera’s goal with this new financing is to increase product development and expand sales.
According to “Collaboration and Web 2.0 Technology Adoption, Q4 2008,” a Forrester Research report, over 60% of surveyed firms plan on implementing or upgrading their collaboration software with the next 12 months. Supporting this conclusion is further research, “The State of Real-Time Collaboration” in 2009 which states that seven out of ten firms surveyed plan to invest in enterprise collaboration solutions in 2009.
Source: nGenera Corporation Secures Series C Funding Round
