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ARC Solutions Secures $2 Million New Funding

Thursday, August 16, 2007 5:00:00 AM PDT | VentureDeal Staff

WASHINGTON, DC -- Software company ARC Solutions announced that it has received $2 million in new venture capital investment.

ARC provides software-as-a-service applications that help member-based organizations run their operations.  The system has over 2 dozen modules, including membership, events, career center and accounting.

Investors in the round were Advantage Capital Partners and Enhanced Capital Partners.  The company says it will use the funds for expansion of its sales and marketing efforts.

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