Relativity Technologies raises $4.5 million

Software company Relativity Technologies has raised $4.5 million in a fourth round of funding led by the company's management team, Relativity announced Wednesday. The Cary, N.C.-based company said the management team invested $1.2 million, in addition to contributions from previous investors Noro-Moseley Partners, Wakefield Group, Intel Capital and Nichimen Computer Systems. The company, which has raised a total of $16.5 million, creates software that modernizes legacy computer systems.