Speedment Raises Venture Capital Funding

Speedment AB, a Göteborg, Sweden-based provider of advanced IT solutions, has raised a venture capital financing of undisclosed amount from Första Entreprenörsfonden and Almi Invest
The new capital will allow the company to launch its cloud computing products (designed to improve the performance of databases, platforms, web applications, content management and mobile websites) and expand internationally.
Formed in 2007, the company serves customers with large databases and new business concepts, working in the newspaper and media, banking and finance, entertainment, education, film, music and transport sectors.

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