A Bear's Face on Mars Blake Lively's New Role Recognizing a Stroke Data Privacy Day Easy Chocolate Cake Recipe Peacock Discount Dead Space Remake Mental Health Exercises
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Broadmargin scoops up $21 million

Application service provider Broadmargin announced Monday that it raised $21 million in a first round of funding, led by ABS Capital Partners. Concert Capital Partners also participated in the round. Fairfax, Va.-based Broadmargin targets the telecommunications industry. The company has close to 90 employees and revenues approaching $20 million on an annualized basis.