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Intalio Secures $7 Million Venture Capital Debt

Tuesday, May 17, 2011 5:54:00 AM PDT | VentureDeal Staff

   Palo Alto, California  --  IT company Intalio has landed $7 million in new venture capital debt financing, according to an SEC regulatory filing.

Intalio provides private cloud computing solutions and business process management software that allows enterprises to optimize complex business processes.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Intalio is still seeking an additional $5 million in financing, according to the filing.

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