Sioux Falls, SD-based DataSync Corporation raised $1.2m in a its first venture capital funding round led by members of Rain Source Capital, an early-stage investment group.
The new funding will enable the company to expand the services and features of its DataSync Suite for small business, a software platform that integrates core applications into an open source software-as-a-service web portal.
DataSync also announced its partnership with SugarCRM, the open platform on which the DataSync Suite is built.
Commenting on the financing, Mike Vetter, co-founder and CEO at DataSync, said: “The additional funds will enable DataSync to continue to extend integration of key business applications including SugarCRM, QuickBooks, Zimbra and Drupal, while offering a hosted solution aimed at the small business marketplace.
“This new financing will enable us to strengthen and expand our infrastructure to support the innovations and features demanded by our rapidly growing user community”.