Workshare, a company that sells content management software focused on compliance issues, said it has raised $23 million in a second round of capital from Steelpoint Capital Partners, Intel Capital and London-based Quester.
Steelpoint led the round.
The San Francisco company said it will use the cash to acquire other companies that sell similar products.
From the company’s announcement:
The US$23 million Series B round continues a string of successes for Workshare, including record growth and customer acquisition in 2006. In November, Microsoft named Workshare a top Office and Vista Launch Partner. In October, Secure Computing (NASDAQ:SCUR) announced an OEM relationship for Workshare Protect. Leading organizations and test labs including CRN, InfoWorld, EContent Magazine, SC Magazine, Info Security, Microsoft, the SIAA CODiE Awards, and Government Computer News highly praised Workshare products. In the past year, Workshare was highlighted in a wide array of business publications, including the Associated Press, The New York Times, Investor’s Business Daily, San Francisco Business Times, Time Magazine and ZDNet.