PacketMotion Nabs $5M More

San Jose-based PacketMotion reports this morning that it has closed on $5M more in a Series C funding round. The new funding was led by Reservoir Venture Partners, and also included prior investors Intel Capital, Mohr Davidow Ventures, and Onset Ventures. PacketMotion develops IT audit and compliance software. The firm said the new funds will go to expand its sales force. More information »