The amount of the transaction was not disclosed.
The company intends to use the funds to expand its sales and marketing plans for a formal entry into the North American market and to increase its existing presence in the UK.
Led by Ray Meiring, CEO and founder, Qorus Software has developed technology to make the creation of customized documents, such as sales proposals, financial reports, insurance policies, legal contracts and sales presentations, more efficient by adding document automation functionality to Microsoft SharePoint and Microsoft Word and PowerPoint.
Customized documents and presentations are created by dynamically merging data stored in SharePoint lists, CRM systems and virtually any enterprise system with Word and PowerPoint templates.
The company, a Microsoft Partner, opened an office in London, UK, in 2012 and now services customers in South Africa, the United Kingdom, Canada and the United States.
Customers include organizations such as Great-West Life, Hart Industries, EDF Trading, Generali International, Southeast Alabama Medical Center, Bibby Financial Services, Finex, Exeter Friendly Society, Drax Power, and JO Hambro.