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Cloud and SaaS Funding News – Provade Inc Secures $3 Million

by cloudtweaks on August 4, 2010

in Apps, Cloud Computing, Press Release, Technology, Venture Capital

We are breaking the mold of “typical” VMS application platforms for large and medium-sized businesses.Provade VMS application helps businesses realize significant benefits in their contingent workforce management and services procurement programs.

California software as a service company Provade Inc., which has a product development office in downtown Milwaukee, said Tuesday it raised $3 million in new funding.

San Mateo, Calif.-based Provade focuses on vendor management system technology for global work force spend management.

The financing round was led by Palo Alto, Calif.-based Asset Management Company. Also participating were Menlo Park, Calif.-based Altos Ventures and Harbor Pacific Capital, also of Palo Alto.

With the latest funding, total venture investment in the company now exceeds $23 million.

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Tagged as: altos ventures, application platforms, asset management company, Cloud, company, development, funding news, Harbor Pacific Capital, SaaS, SaaS Funding News - Provade Inc, SAN MATEO, Software, Software as a service, system technology, vendor management, vendor management system, vendor management system technology, venture investment

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