OnDisplayInc, the San Ramon, California-based provider of e- business applications, says it has raised more than $16m in the a fourth round of private financing. Omega Venture Partners, BancBoston Ventures and WW Grainger are the new investors. Existing investors, including Norwest Ventures, Amerindo Investment Advisors, Matrix Partners and Atlas Venture, also contributed to the round.
OnDisplay concentrates on providing software for both e-business portals and e-commerce infrastructure. Customers include WW Grainger, Travelocity, Classified Ventures, MicroWarehouse, Bridge Information Systems, and Harbinger Corp. The company says it will use the cash infusion to expand sales, marketing, and product development initiatives.
