Wednesday, November 05, 2008

Memento Raises $12 Million in Fourth Round - Concord, MA

Memento, a Concord-based developer of software for detecting and preventing internal corporate fraud, has raised $10 million in its fourth round of venture capital, according to a report by PE Week Wire, which cited a regulatory filing. Investors in the deal include Rock Maple Ventures, Bain Capital Ventures, and .406 Ventures. Memento was founded in 2003 to develop software for fighting fraud and maintaining compliance at financial institutions. Its customers include credit unions, community banks, and larger banks across North America and Europe.


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