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Blazent Nabs $10 Million Venture Capital Investment

Friday, June 11, 2010 5:52:00 AM PDT | VentureDeal Staff

San Mateo, California  --  Software developer Blazent has raised $10 million in a recapitalization round of venture capital financing.

Blazent has created a "business oriented analysis platform for IT" organizations to help them improve their internal business practices.

HighBAR Ventures led the round, which also included Keynote Ventures, Walden Venture Capital and Catamount Ventures. The company said it would use the funding to support its continued growth and expansion into new markets.

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