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Qsent tallies $12 million

Qsent said Tuesday that it has raised $12 million in a second round of funding. Oak Investment Partners led the round with contributions from Voyager Capital, Maveron and Silicon Valley Bank. The round brings the Portland, Ore.-based company's total financing to $46 million. Qsent will use the capital to expand the market reach and penetration of its directory information services. The company has formed agreements with all the local Baby Bell phone companies to receive frequently updated phone numbers and addresses, which it puts into a database. Qsent then sells this information in the form of a Web-based or integrated service to debt collection agencies, insurance companies, overnight delivery services and Internet retailers.

Qsent said Tuesday that it has raised $12 million in a second round of funding. Oak Investment Partners led the round with contributions from Voyager Capital, Maveron and Silicon Valley Bank. The round brings the Portland, Ore.-based company's total financing to $46 million. Qsent will use the capital to expand the market reach and penetration of its directory information services.

The company has formed agreements with all the local Baby Bell phone companies to receive frequently updated phone numbers and addresses, which it puts into a database. Qsent then sells this information in the form of a Web-based or integrated service to debt collection agencies, insurance companies, overnight delivery services and Internet retailers.