Forte Software Inc, Oakland, California designer of enterprise client-server development tools has raised $10m in its fourth round of venture financing, bringing the total raised to $33m and putting a valuation on the company of $115m. Proceeds will be used to fund development of sales and marketing in the US, UK, France, Germany and Australia. The company made its principal product, the Forte application development environment, generally available on September 19. The company did not name the investors contributing to the latest round, but Forte’s president and chief executive Marty Sprinzen said All of our investors participated in this financing, and we added new European investors who will help our credibility as we increase our marketing efforts outside of North America. We also welcome a large number of Forte employees as new shareholders. The company notes that its strategic partners include Apple Computer Inc, Data General Corp, Digital Equipment Corp, IBM Corp, Mitsubishi Electric Corp and Sequent Computer Systems Inc.
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