Want CNET to notify you of price drops and the latest stories?

Pinpoint Networks brings in $8 million

Software and services company Pinpoint Networks has raised $8 million in a second round of funding led by new investor Massey Burch Capital and current investors Noro-Moseley Partners and Wakefield Group, Pinpoint announced Monday. Other investors include the Atlantis Group and Tri-State Investment Group. Cary, N.C.-based Pinpont, which has raised a total of $14 million, plans to use the money to expand product development and sales and marketing. Pinpoint sells its software and services to mobile operators to manage and deliver data services.