Intalio raises $1.5M for business management software
Intalio, developer of open-source software for businesses to manage workflow, has brought in $1.5 million in equity and debt, according to a filing with the SEC. The Palo Alto, Calif. company has now raised more than $42 million to date from investors Partech International, Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund and XML Fund.
A prime competitor for Salesforce.com, Intalio launched a cloud computing product in May, branching into customer relationship management software as well as business process management. Now a decade old, its client base has grown to more than 500 customers.
Next Story: Echofon releases Mac version; never lets you lose a tweet
Previous Story: Take the oDesk Challenge for venture-backed startups
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.