Monday, March 12, 2007

ClearApp Gets $5M In Debt Financing

Sunnyvale-based ClearApp, a provider of automation software for portal, J2EE, and SOA applications, said today it has raised $5M in debt financing. The funding comes from TriplePoint Capital, and will be used for expansion of the firm's field sales and marketing. The debt follows a Series B financing the company received last June from Sierra Ventures.