$10M for local Microsoft partner NextDocs
NextDocs Corp., which employs 50 engineers, techs, sales and support people at its King of Prussia headquarters customizes Microsoft SharePoint software for clinical drug testing and other corporate medical uses, says it’s raised its first venture capital since its founding five years ago by Microsoft veterans Zikria Syed and Matt Walz: $10.3 million from Boston-based, $240 million-asset OpenView Venture Partners.
OpenView partner Firas Raouf, who’ll join NextDocs board, called NextDocs “the leading provider” of “a new breed of compliance solution providers” in a statement. NextDocs will use the money to expand into other “regulated industries.”
Current NextDocs clients include Merck, SanofiAventis and other big drugmakers. The company works closely with Microsoft’s pharmaceuticals division, which is based in Malvern.