PCC Technology Group, LLC, a Bloomfield, CT-based provider of software solutions for government applications, raised $5.5m in financing.
The round was led by Stonehenge Growth Capital with participation from Connecticut Innovations‘ Venture and Mezzanine Debt Fund, which provided a $1.5m loan.
The company intends to use the funds for growth initiatives, including new contracts, expanded marketing and sales initiatives and the introduction of its Cenuity software platform on a national scale.
Founded in 1994 by Jerry Long, CEO, PCC develops and implements technology solutions for state and local governments, and the energy and education sectors. It has deployed horizontal public and private cloud platforms that incorporate mobile and business social features in the areas of corporation management, campaign finance and election administration in 21 states and globally.
FinSMEs
13/06/2014