Determine Software lands $12.5 million in additional funding to improve sales and service of its contract-management software.
Determine Software Inc. this week scored $12.5 million in a third round of funding to help it improve sales and service of its contract-management software. The company's applications automate and track sourcing contracts and lease agreements with tools such as a repository that centralizes an entire contract portfolio of all agreements across the organization and reporting tools that give quick updates on information such as contract reconciliation, compliance tracking, and historical audits.
The package is designed to prevent companies from overspending on contractual obligations through elimination of overpayments, overcharges, unwanted automatic contract renewals, and aggregate buying power. J.P. Morgan led the round, with additional investments from current investors Mohr Davidow Ventures and New Enterprise Associates.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.