Tuesday, August 22, 2006

Radview Raises $1.5 Million in Private Placement - Burlington, MA

RadView Software, a Burlington-based provider of software for managing web-based business applications, has raised $1.5 million in a private placement of stock and convertible debt, led by Fortissimo Capital Fund. Under the agreement, the investors will also have the right to make additional investments of up to $2.25 million through early 2008. "The completion of the financing will help to restore confidence in the company's financial position and marks a significant turning point for the company," said Jaron Lotan, chairman of the board of RadView.



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