ManageSoft brings in $2M for compliance software

ManageSoft Holdings, developer of software that manages the transfer of information between desktop computers and datacenters, has nabbed $2 million in debt financing from BlueCrest Capital Finance, reports VentureWire.

The Boston-based company’s top product is called Enterprise Compliance Manager, a software platform that allows its clients to check the software it currently runs against a full inventory of the software it owns. That way they can determine if a piece of software is properly licensed across all machines, whether they need to renew usage contracts or weed out vendors. It can even help them get a sense of how much return an application is bringing in versus how much it cost to acquire.

ManageSoft — which operates in the U.S., Europe and Australia — currently maintains partnerships with Microsoft and Siemens, and most recently Oracle.

In previous rounds of investment, ManageSoft has raised $28 million from the likes of Deutsche Bank, ETV Capital, Siemens Venture Capital and Technology Venture Partners.

Next Story: Video processor maker Silicon Optix sells assets and tech to IDT
Previous Story: UnitedLex raises $6 million to build expert legal team