PivotLink, a San Francisco, CA-based provider of retail performance management solutions delivered via Software as a Service (SaaS), closed an additional $13m in financing.
Backers include by existing investors Trident Capital, Emergence Capital Partners and Starvest Partners and new investor Pelion Venture Partners.
The company intends to use the funding to expand its SaaS analytics offering with a suite of on-demand retail performance management applications.
PivotLink also said it acquired Acteea, Inc., a Salt Lake City, Utah-based provider of on-demand, multi-channel ecommerce solutions to small and medium-sized online retailers.
Led by president & CEO Bruce Armstrong, PivotLink provides on-demand business performance management applications, serving retail and retail-related customers such as REI; Fifth & Pacific Companies (formerly Liz Claiborne); Kelly-Moore; Timbuk2; Party City; Car Toys; Rossignol; Shaklee; and Zones.
The company is currently hiring (http://www.pivotlink.com/company/careers).