Los Altos, California based Annuncio Software Inc has won a second round of funding worth $3.5m from a group of investors including Norwest Venture Partners, Oracle Corp, Peoplesoft Inc, Vantive Corp and Ilog SA. Norwest ventures is the major contributor, adding a $1.7m follow-up investment to its original $1.47m investment in September 1997. Total funding is now up to $6.75m. Annuncio is working on marketing automation software for the Internet, and says it will use the new funding to complete the beta testing and launch of its new product. Didier Moretti, former president and CEO of Bellevue, Washington based network documentation company Cambio Networks Inc, is president, CEO and co-founder.
