Wednesday, April 30, 2008

Cortera Raises $8 Million in Venture Capital - Quincy, MA

Cortera, a Quincy-based provider of credit and collections workflow management software, has raised $8 million in a venture capital deal, which was led by CIBC Capital Partners. Cortera helps business analysts, sales and marketing experts and credit & collections professionals analyze their prospects, customers and partners. Fidelity Ventures acquired Cortera in 2006 and, along with Battery Ventures, provided $11 million in venture capital. Cortera, which was formerly called eCredit, said it will use the new capital infusion to accelerate its initiative to provide customers with "better, more actionable insights about companies without the hassles or high prices."


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