OpSource receives $10 Million in series E funding
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Santa Clara: OpSource, a player in Web operations, has received $10 million in series E investment round from Nippon Telegraph and Telephone Corporation as well as from returning investors. "OpSource operates in the SaaS space, and is continuing to flourish and innovate in this challenging economic environment," said Gary Hromadko, Venture Partner, Crosslink Capital, a returning investor. "As the demand for SaaS and Cloud solutions continues to grow, OpSource is in a unique position to lead this marketplace while accelerating its own growth," he added. OpSource, which is six years old, has also garnered the additional financial support of other existing venture partners, including Velocity Venture Capital, Key Venture Partners and Artiman Ventures. The company will use the funds to further develop its existing Software-as-a-Service (SaaS) offerings as well as to pursue other key initiatives in the Cloud computing space.

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