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Allegiance Secures $12 Million Second VC Funding

Friday, June 24, 2011 5:36:00 AM PDT | VentureDeal Staff

   South Jordan, Utah  --  Software company Allegiance has received $12 million in its second round of institutional venture capital investment.

Allegiance has created software solutions that enable enterprises to collect real-time feedback from customers and stakeholders.

El Dorado Ventures led the round, which also included Rembrandt Venture Partners and previous investor Allegis Capital.

The company said it would use the financing to accelerate development of its product capabilities and expand its sales and marketing efforts.

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