ITM Software raises $4M more for CIO-focused management software

ITM Software, a Santa Clara, Calif. provider of IT business management software designed for chief information officers, said it has raised $4 million in a fourth round of funding.

The financing round was led by Red Rock Ventures and InnoCal Venture Capital, and also included Ascend Venture Group, Technology Partners, RBC Technology Ventures and Square 1 Bank, among others.

Here’s the announcement.

The company previously raised $28.5 million since 2002.

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