Monday, November 30, 2009

Reservoir VC fund aids California company

Source: Business First

A California information technology company is boosting its sales and development efforts following a recent round of funding led by Reservoir Venture Partners of Columbus.
Reservoir recently led a $5 million venture capital deal for San Jose-based PacketMotion Inc., a firm whose technology helps companies manage risks from insider fraud and protect data. As a result, the company said it has created a post for a worldwide sales and business development chief.
PacketMotion is one of a number of information technology firms in which Reservoir invests. Central Ohio companies it has backed include Dublin-based software firm Sypherlink, Westerville online publishing firm ECNext and Dublin medical device maker CleveX.


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