Wednesday, August 8, 2007

ITM Software Lands $4M

Santa Clara-based ITM Software, a provider of IT management software, said Tuesday that it has raised $4M in a venture capital round. The round was led by Red Rock Ventures and InnoCal Venture Capital, and also incuded Ascend Venture Group, Technology Partners, RBC Technology Ventures and Square 1 Bank. The firm said that it is planning to use the capial to drive sales growth and marketing. ITM's products provide visibility into information technology organizations for CIOs and managers. More information »