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eRunway snags $22 million

eRunway, a software-development and systems-integration company, secured $22 million in its second round of funding. The Westborough, Mass.-based company said the funding, led by Charles River Ventures and JAFCO Ventures, will be used to expand its global operations. The company also appointed former Hewlett-Packard executive Stephanie Feraday as executive vice president responsible for strategy and named John Kiley, a former Scient executive, as its vice president of business development. In addition, eRunway also named Frank Dudley as its new chief marketing officer. Prior to joining eRunway, Dudley served as chief innovation officer for Net consulting company Zefer. Sigma Partners and Comdisco Ventures also participated in the funding round. eRunway, founded in 1996, nabbed an initial round of funding of $13.5 million from Sigma Partners in May 2000.

eRunway, a software-development and systems-integration company, secured $22 million in its second round of funding. The Westborough, Mass.-based company said the funding, led by Charles River Ventures and JAFCO Ventures, will be used to expand its global operations. The company also appointed former Hewlett-Packard executive Stephanie Feraday as executive vice president responsible for strategy and named John Kiley, a former Scient executive, as its vice president of business development. In addition, eRunway also named Frank Dudley as its new chief marketing officer. Prior to joining eRunway, Dudley served as chief innovation officer for Net consulting company Zefer. Sigma Partners and Comdisco Ventures also participated in the funding round. eRunway, founded in 1996, nabbed an initial round of funding of $13.5 million from Sigma Partners in May 2000.