Miva Gets Growth Capital Injection

San Diego-based Miva, the developer of e-commerce shopping cart software, has received a growth capital funding from private equity investor Bison Capital Partners, the companies said this week. Size of the minority investment was not announced. Miva said that the investment is the first time in its history that it has accepted growth capital funding. Miva will be led by new CEO Rick Wilson, who took over from former CEO Russ Carroll in April; Wilson had been President and COO sine 2009. Carroll remains on the company's board and will also advise Wilson. Miva was founded in 1996. More information »