Tectura, Microsoft software provider, raises $22M in debt
Tectura, a Redwood City, Calif. company that provides Microsoft software products to mid-sized and large-sized companies, has raised $22 million in debt financing from Hercules Technology Growth Capital.
See statement here.
Tectura provides things like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications built on Microsoft Dynamics™ business management software.
Tectura is backed by a number of investors, mainly Pequot Ventures, but also General Electric Asset Management, Diamond Capital Management and hedge fund Ritchie Capital Management, and has previously raised about $55 million.
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