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Applications

Web applications company Nexaweb lands $10 million

Company names Christian Heidelberger CEO as it plans to ramp up sales and development

Nexaweb Technologies said on Monday it has secured $10 million in a second round of funding, which it will use to ramp up its sales and development operations.

Burlington, Mass.-based Nexaweb makes development tools for creating so-called rich Internet applications, or interactive Web programs that have a similar look and feel as traditional desktop applications. Funding came from Egan-Managed Capital, Masthead Venture Partners and Velocity Partners. In addition, the company said that it has named Christian Heidelberger as CEO.