Permabit also announced today the closing of a Series C round of funding, totaling at $12 million - Cambridge, MA

Permabit, the leader of Archive Intelligence™, delivers cost-effective solutions for electronic archiving and record retention for fixed content and compliance data. The company announced today the closing of a Series C round of funding, totaling at $12 million. The investment round was led by Baker Capital. The funding will be used to further expand and develop strategic business units within Permabit.

http://www.permabit.com/news-events/press-releases/2005-0907.asp