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Escend raises $3 million

Business software maker completes fourth round of funding.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto

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.