Monday, September 25, 2006

Nexaweb Technologies Raises $10 Million in Second Round - Burlington, MA

Nexaweb Technologies, a Burlington-based provider of tools for developing web applications, has raised $10 million in its second round of venture capital. Investors in the deal include Egan-Managed Capital, Masthead Venture Partners and Velocity Partners. Also, on Monday, Nexaweb named Christian Heidelberger as its CEO. Heidelberger previously served as CEO of ChannelWave Software, a company that raised $63 million of venture capital funding and made several acquisitions prior to its acquisition by Click Commerce in 2005.


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