Tenrox Raises $4.6M

Pasadena-based Tenrox has raised $4.6M in venture capital for its operational control and compliance software. The firm said yesterday that it has raised the round of funding from Novacap. The funding will be used to accelerate its growth, invested in its software-as-a-service offerings, open new sales and service offices, and make additional investments in research and development. Tenrox software is used for track budgets and compliance for companies. More information »