Monday, September 12, 2005

Preventsys Raises $7M and Finds New CEO

Carlsbad-based Preventsys said this morning it has received an infusion of $7M in funding from current investors Enterprise Partners Venture Capital, Apax Partners, and Utah Venture Ventures. The company said that the funding will be used to accelerate its revenue growth and expand its global channel. The company also said that it has appointed Patrick Harr as the company's CEO. The company did not make any statements about former CEO Thomas Rowley, and no longer lists Rowley, or co-founders Brian Costello and John Williams on the company's web site. Preventsys provides risk management and automated compliance software. More information »