TimeTrade Systems, a Tewksbury, MA-based provider of Software-as-a-Service appointment scheduling solutions, completed a $5.6m financing round.
The investment was led by Ascent Venture Partners, with participation from CommonAngels and other returning investors. The round included the conversion of $1.7m in convertible notes issued in December 2009.
The financing will accelerate the company’s product line expansion and to build out its sales and marketing teams.
TimeTrade supplies appointment-scheduling applications and SaaS platform services for marketing, sales and services to multinationals, small businesses, government agencies, universities, sales teams, and individuals. Clients include Best Buy, Coldwell Banker, Sears and Sprinr, the Mayo Clinic and the U.S. Department of Homeland Security.