PICS Auditing Lands $35M

PICS Auditing, a software-as-a-service developer which provides contractor screening and credentialing software, has raised $35M in a funding round, the firm sai dtoday. The minority funding came from Norwest Venture Partners. PICS said the new funding will go towards expansion into new sectors and geographies. Jon Kossow and Rob Arditi, both at NVP, join the company's board with the funding. PICS is headed by John Moreland, and helps large organization mange their contracts, suppliers, and vendors. Much of the firm's software aims around ensuring that contractors have all the certifications--and paperwork--required due to multiple regulations and training requirements. More information »