Deal Announcements

GTESS Gets $6 Million From BlueCrest Capital Finance

Monday, July 30, 2007 5:00:00 AM PDT | VentureDeal Staff

RICHARDSON, TX -- Software company GTESS Corporation announced that it has received $6 million in new debt financing from BlueCrest Capital Finance, L.P.

GTESS provdes hosted technology solutions on a subscription basis that automate healthcare claims and transaction processing.  The company says its products reduce costs and improve adjudication of claims.

BlueCrest Capital provides debt financing to development stage companies in a wide range of technology industry segments.  The company has completed 750 transactions with total commitments in excess of $1.5 billion.

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