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Tech Industry

Adexa grabs $15 million

Software maker Adexa said Tuesday that it has raised $15 million in a fifth round of venture capital financing. The Los Angeles-based company, which sells business applications designed to help companies plan the production of manufactured products, has raised a total of $54 million in venture capital funds. Leading the most recent round of financing was Wasserstein Venture Capital. Also investing were BEV Capital, Mitsubishi, Sutter Hill Ventures, Information Technology Ventures, J & W Seligman, and DRW Venture Partners.

Adexa, founded in 1994, was a takeover target last year for online auctions firm FreeMarkets. The companies cancelled their planned merger when the market for e-business applications began to decline.