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.

May 19, 1998 2:50 p.m. PT

(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.