Attunity , a Burlington, Mass., provider of business process and data integration software, has raised $5 million equity
financing from Special Situations Funds.
The windfall will help the privately held firm mount a sales and marketing push.
“Our products are technically superior and well regarded by customers but to date have largely been sold without the benefit of sustained sales and marketing
efforts,” CEO Paul MacKay said. “This investment is a major milestone in an aggressive strategy to claim our rightful position as a market share leader.”
Attunity helps companies automate and manage business processes within the enterprise and with partners, suppliers and customers over the Internet. The company
has partnerships with Oracle and Compaq.
MacKay, who came aboard in January said the company has focused on reaching
profitability and has tried to cut costs without impacting its ability to increase future revenue.
MacKay said Attunity has seen revenue increase sequentially over the past three
quarters. The company changed its name last year from International Software Group.