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CorrectNet reels in $5.25 million

CorrectNet raised $5.25 million in a first round of funding. Investors included Edison Venture Fund, NewSpring Ventures and Charles Schwab. Hauppauge, N.Y.-based CorrectNet develops Web-based business software applications.

CorrectNet raised $5.25 million in a first round of funding. Investors included Edison Venture Fund, NewSpring Ventures and Charles Schwab. Hauppauge, N.Y.-based CorrectNet develops Web-based business software applications.