There are a couple of enterprise-specific financing announcements this morning, so we’ve decided to bundle three significant ones into a single post.
First up is Xceedium, provider of Zero Trust Access Control solutions – they’ve closed a $7.5 million Series B financing led by previous backer ArrowPath Venture Partners. The company says the new funds will be used to fuel development of its flagship GateKeeper product, an appliance-based solution that secures and audits privileged access to IT infrastructure, as well as for ongoing sales and marketing efforts.
StoredIQ, a provider of Intelligent Information Management solutions for eDiscovery, records and compliance management, this morning announced that it has closed $10 million in new investment financing and expanded its management team.
The financing round was led by PerformanceEdge Partners and existing lead investor S3 Ventures and aims to provide StoredIQ with the capital needed to extend its marketing and sales initiatives and grow new partnerships.
The company also announced that it has appointed Phil Myers as the new CEO and H.E. Buddy Wilson as vice president of business development to lead those efforts.
Accent, which provides semiconductor integration of communications and metering technologies for the Smart Grid industry, has raised €5 million (roughly $7 million) from investor Tallwood Venture Capital. The company says the funding will be used to accelerate development of key communication technologies for system-on-chip solutions required by Smart Meter as well as emerging Smart Home applications.