US: Centric Software closes $19m in new financing

5 December 2012 | News | Source: Leonie Barrie

Product lifecycle management (PLM) specialist Centric Software Inc has raised another $19m in venture capital financing - which it intends to use to fuel ongoing product and business development efforts, including its core Centric 8 PLM platform. 

The investors, who include Oak Investment Partners and Masthead Venture Partners, have also released the second instalment of an earlier $11.6m fund, based on the success of the company's mobile apps and its growth in Europe.

Among its plans, the software firm will develop additional mobile PLM solutions, as well as products for the complex requirements of the footwear industry.