Business Services Industry
Raleigh, N.C., Software Maker Attracts $6.5 Million Private Funding.
Knight Ridder/Tribune Business News, March, 2004
By Vicki Lee Parker, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Mar. 9--Relativity Technologies, which two years ago was troubled by money woes, layoffs and departures of top executives, has attracted $6.5 million in private funding as the Raleigh software maker refocuses under a new management team.
The funding, which was led by Wachovia Strategic Ventures, will be used to improve distribution of Relativity's products and hire people for its marketing, sales and technical support, said Steve Maysonave, president and chief executive.
"We will add about 20 people in the Raleigh office this year, and 40 to 50 in Europe and Asia," Maysonave said. The company now has about 100 employees, with about half at its...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express