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Adaptive Planning Receives $7.5 Million Financing

Monday, March 12, 2007 6:00:00 AM PDT | VentureDeal Staff

MOUNTAIN VIEW, CA -- Software maker Adaptive Planning announced the close of a new round of funding, securing $7.5 million.

The company provides collaborative business performance management (BPM) software to enterprises.  It intends to use the financing proceeds to expand its sales and marketing efforts, as well as continue to develop its products.

The round was led by Cardinal Venture Capital and included ONSET Ventures and Monitor Ventures.  Eric Dunn of Cardinal Venture Capital will join the company's board of directors.

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