Monday, June 16, 2008

PSS Systems Gets $18M

Mountain View-based PSS Systems said Monday that it has raised $18M in an equity financing round. The round was led by FTVentures, and included prior investors Lightspeed Venture Partners, Azure Capital, Granite Ventures, and Cipio Partners. PSS Systems develops software used for email and information retention policies. The firm said the funding will go to expand its product portfolio, and presence in both the US and European markets. More information »