Investors gave $22 million to Cedexis, a Portland-based web performance management company.
The capital will expand Cedexis' product and beef up hiring across engineering, sales and marketing.
Global enterprises using Cedexis are at the leading edge of a revolution in how companies proactively manage their value delivery across shared Internet infrastructure,” said Dominique Pitteloud, managing director at Ginko Ventures, in a written statement. “Cedexis’ focus on improving Quality of Experience and thus increasing enterprise revenue, customer retention and conversion rates, is impressive.
(READ MORE: Portland Business Journal)
The startup VendScreen sold for $5.4 million to a Pennsylvanian tech company.
VendScreen, briefly among Portland's highest-profile startups, sold Monday for $5.4 million – one-sixth of what investors put into the company.
On Monday, a Pennsylvania company called USA Technologies said it will buy VendScreen's assets for $5.6 million in cash. USA Technologies said VendScreen had 13 full-time employees and five contractors – of those 18, USA Technologies said 12 will remain with the business."
(READ MORE: OregonLive.com)