XDATA – September 11th 2014
A $3 million unregistered mezzanine investment round initiated by ProcessUnity was subscribed by thirteen financial backers. According to the information disclosed, the placement started a little over a week ago and was fully subscribed. A total of six unregistered securities offerings closed by the company raised an estimated $13.35 million.
ProcessUnity develops and markets cloud-based applications (apps) designed to give organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. For public companies and regulated industries, the Risk Suite delivers governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, the Service Delivery Risk Management (SDRM) controls complex product offerings and strengthens client service experience.
The company, headquartered in Concord MA, is led by Todd A Stone (President and CEO). ProcessUnity kept its revenues undisclosed.
The board of directors includes Andrew Shields, James Scott Curvey, Matthew Christensen, Michael Colleary and Paul Ferguson.
The company has raised an estimated total of $16.35 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: $3 million
Amount placed: $3 million
First sale: 09-01-2014
Data as of: 09-11-2014