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Escend raises $3 million

Business software maker completes fourth round of funding.

Escend has raised $3 million in a fourth round of funding, the software maker said Wednesday. Novus Ventures and NIF Ventures contributed to this latest round of funding, bringing the total raised to date to $23 million.

The Mountain View, Calif.-based company develops and markets customer relationship software. Escend mainly focuses on selling CRM software to the semiconductor and electronic components industries.