Proceeds To Be Used To Support Rollout Of New Products in 2002
New York, 28 January 2002 – Alacra, a leading global provider of business and financial information, announced today it received $4 million in third-round funding. The participants in the round were Barra, JP Morgan Partners, Flatiron Partners and Franklin Capital.
The new funds will be used to support the rollout of several new products, finance Alacra’s continued growth, and to maintain the strength of the company’s financial position.
Alacra, founded in 1996, builds online tools and services that allow users to find, analyze, package and present mission-critical business information. Alacra customers include more than 750 leading financial institutions, management consulting, law and accounting firms and other corporations throughout the world.
“Alacra provides critical business information to its customers using leading-edge Internet- and intranet-based technologies,” said Fred Wilson, managing partner, Flatiron Partners. “We are excited about the new products and services that the Company is launching this year and believe that Alacra is poised to become an important player in the business information marketplace over the next several years.”
Steven Goldstein, Alacra CEO, said, “In these economic times, the accurate, complete and timely business information that Alacra provides is more important than ever. With this additional financing, Alacra will continue to create and deliver new products that provide the critical business information our customers and their clients need.”
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