USA, PacketMotion Secures $5M Funding

PacketMotion, a San Jose, CA-based developer of User Activity Management to drive IT audit and compliance efficiency, announced the closing of a $5m Series C Round of funding led by Reservoir Venture Partners with participation from existing investors Intel Capital, Mohr Davidow Ventures and Onset Ventures.
The company will use the funds to expand its sales force and bolster marketing in response to strong demand for its PacketSentry Manager and Probe.
Commenting on the deal, Paul Smith, CEO of PacketMotion, said: “This should be our last financing round as we move towards expected profitability in 2010″.
FinSMEs
26/10/2009

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