USA: Plumtree Closes $23 Million Mezzanine Financing From Ford, Procter & Gamble And Institutional Investors
Investment Follows Enterprise-Wide Portal Deployment Commitments From Ford and Procter & Gamble Corporate portal market-leader Plumtree Software today announced the closing of a $23 million mezzanine round of financing from strategic customer investors Ford (NYSE: F) and Procter & Gamble (NYSE: PG), and institutional investors Janus Venture, Putnam, Aman Ventures and Sybat. Ford and Procter & Gamble's investments follow agreements to deploy Plumtree's flagship Plumtree Corporate Portal enterprise-wide at both companies, which purchased licenses for 200,000 and 100,000 employees, respectively, as detailed in separate press releases issued today. Plumtree is a provider of corporate portal software, the infrastructure for companies to create a personalized Web portal for their employees, customers and partners to access all the applications and services available on their corporate networks and on the Internet.
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