BSG Alliance raises $50 million to expand next-generation business building operations
BSG Alliance, a company that helps other businesses ready themselves for the future has secured a new round of private funding to accelerate growth.
By way of both people and software, BSG Alliance provides its clients with the tools needed to compete in so-called “next-generation” enterprises. One key area for BSG is Software-as-a-Service (SaaS) applications. Goldman Sachs expects the market for on-demand SaaS to grow to $21 billion annually by 2011.
The $50 million private round was led by Oak Investment Partners with participation from previous investors including Foundation Capital and Hummer Winblad Venture Partners. BSG Alliance is based in Austin, TX.
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About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.