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Cambridge Technology funds new Web-based software

Cambridge Technology Partners said it has led the first financing round for the development of Access International's new line of Web-based philanthropy management services. Access, based in Cambridge, Mass., develops charitable fund-raising and management software for nonprofit organizations such as the United Way. Cambridge Technology, once a leader in the services and consulting industry, makes investments in Internet services and infrastructure companies via its own venture capital funds.

Cambridge Technology Partners said it has led the first financing round for the development of Access International's new line of Web-based philanthropy management services. Access, based in Cambridge, Mass., develops charitable fund-raising and management software for nonprofit organizations such as the United Way. Cambridge Technology, once a leader in the services and consulting industry, makes investments in Internet services and infrastructure companies via its own venture capital funds.