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Surgient gets new funding, CFO

Company raises $20 million in a third round of venture funding, led by Crosslink Capital and Goldman Sachs.

Surgient, which sells virtualization software designed to make it easier for companies to test complicated combinations of interacting computer systems, raised $20 million in a third round of venture funding, the Austin, Texas-based company said. Crosslink Capital and Goldman Sachs led the round, with contributions from earlier investors Austin Ventures, BlueStream Ventures and MFI Austin.

Crosslink's Bruce MacNaughton and Goldman Sachs' David Campbell will join the company's board, Surgient said. In addition, the company has hired Tim Lucas to be chief financial officer. Lucas most recently was a director of finance for business intelligence software maker SAS Institute.