Web applications company Nexaweb lands $10 million
Company names Christian Heidelberger CEO as it plans to ramp up sales and development
Martin LaMonica Former Staff writer, CNET News
Martin LaMonica is a senior writer covering green tech and cutting-edge technologies. He joined CNET in 2002 to cover enterprise IT and Web development and was previously executive editor of IT publication InfoWorld.
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.
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