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BigMachines reels in $29 million

Business-to-business software maker BigMachines secured an additional $29 million in its second round of funding led by investors Vista Equity Partners and Deutsche Venture Capital. Foster City, Calif.-based BigMachines makes software that enables companies to buy and sell complex engineering products such as industrial machinery over the Web. The new capital will help BigMachines achieve long-term financial success without raising further funding, the company said. The company intends to use the capital to build a global sales team, support the adoption of its products within its current customer base and to invest in software development. As a part of the latest financing found, Robert Smith and Stephen Davis, principals of Vista, will join the company?s board. Other investors that participated in the funding include prior investors Sculley Brothers, Rolling Thunder Network and Abel Equities.

    Business-to-business software maker BigMachines secured an additional $29 million in its second round of funding led by investors Vista Equity Partners and Deutsche Venture Capital. Foster City, Calif.-based BigMachines makes software that enables companies to buy and sell complex engineering products such as industrial machinery over the Web. The new capital will help BigMachines achieve long-term financial success without raising further funding, the company said. The company intends to use the capital to build a global sales team, support the adoption of its products within its current customer base and to invest in software development.

    As a part of the latest financing found, Robert Smith and Stephen Davis, principals of Vista, will join the company?s board. Other investors that participated in the funding include prior investors Sculley Brothers, Rolling Thunder Network and Abel Equities.