Excerpt from: Technology Investors
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| September 09, 2006 | | Updata Partners Funds Expansion of Order Transaction Software Provider | OrderMotion, an award-winning provider of on-demand, order transaction software for direct marketers and retailers announced it has closed an $8.5 million Series B round of funding led by Updata Partners, with participation by the company's Series A investor, Capital Resource Partners. This funding brings the total capital raised by the company to $9.5 million since its spin-out from CommercialWare in February of this year. OrderMotion will use the equity financing to accelerate the enhancement of its order transaction software, which offers functionality that supports the mission-critical coordination, processing and fulfillment of orders for small- to medium-sized direct commerce companies. In conjunction with the funding, Updata Partners co-founder and general partner Conor Mullett has joined the board of directors. | | |
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