Venture capital is flowing — to some companies anyway. Four year old Boston-based Softricity announced this morning that it has closed a $14.6 MM venture financing round bringing its total financing raised to date to $40 MM.
Softricity, Inc. develops products that allow its enterprise customers to reduce the cost of application administration and realize significant returns on their investment by enabling applications to be delivered as network services to thousands of computers from a single server. The company’s flagship product, the Softricity SoftGrid˙ Platform 2.0, eliminates the need for installing and updating computers on a machine-by-machine basis, simplifying the management and administration of Windows® desktops and Windows Terminal Servers.
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