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BSG Alliance Taps $20 Million Venture Funding

Tuesday, May 08, 2007 5:00:00 AM PDT | VentureDeal Staff

AUSTIN, TX -- OnDemand software company BSG Alliance announced that it has secured $20 million in venture capital investment from a syndicate of firms.

BSG provides high-end strategy and on-demand software to businesses that want to bring their offerings into the enterprise 2.0 world.  They claim to have a unique go-to-market business model.

Investors in the round were Foundation Capital, Hummer Winblad Venture Partners and company CEO Steve Papermaster's venture firm, Powershift Ventures, L.P.  The company intends to use the proceeds to continue development of its software offerings, make targeted acquisitions and for general corporate purposes.

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