Interneer Scores $2M

Los Angeles-based Interneer has scored $2M in a venture investment from GroundWork Equity, the firm said Tuesday morning. The firm, which develops technology that allows companies to configure web-based applications, also named Michael Edell Chief Executive Officer of the firm. Edell is founder and Managing Partner of GroundWork Equity; Edell previously founded, which was sold to Microsoft and ADP. According to Interneer, the funding will enable the firm to executive on its new strategy of targeting the mid to large enterprise market. More information »