Tectura, Microsoft software provider, raises $22M in debt

April 17, 2007 | Matt Marshall

Tectura, a Redwood City, Calif. company that provides Microsoft software products to mid-sized and large-sized companies, has raised $22 million in debt financing from Hercules Technology Growth Capital.

See statement here.

Tectura provides things like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications built on Microsoft Dynamics™ business management software.

Tectura is backed by a number of investors, mainly Pequot Ventures, but also General Electric Asset Management, Diamond Capital Management and hedge fund Ritchie Capital Management, and has previously raised about $55 million.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.