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Short Take: STC gets $20 million, taps Oracle exec

Software Technologies Corporation (STC), a provider of enterprise integration technology, said it received $20 million in equity financing. The funding comes from Norwest Venture Capital, InSight Capital Partners, and Menlo Park, California-based Integral Capital Partners. STC also announced the addition of new members to its board of directors, including Ray Lane, Oracle's president and COO, and Aneel Bhusri, a senior VP at PeopleSoft.

Software Technologies Corporation (STC), a provider of enterprise integration technology, said it received $20 million in equity financing. The funding comes from Norwest Venture Capital, InSight Capital Partners, and Menlo Park, California-based Integral Capital Partners. STC also announced the addition of new members to its board of directors, including Ray Lane, Oracle's president and COO, and Aneel Bhusri, a senior VP at PeopleSoft.