The French eXo to Expand in the US after Venture Capital Financing
March 23, 2010
The French software company eXo announced on March 8th that it raised $6 million venture funding. The venture capital investors were French too – the Paris based Auriga Partners and Xange Capital. Exo enables Java developers to easily, quickly and consistently expand existing applications through its Java middleware and open source Enterprise CMS. According to CMSwire.com, the research and development-focused company that employs mainly engineers realized that it was time to shift its focus. eXo’s plan was to use the expansion capital to grow the operations of the company in the US and to step up the sales and marketing efforts there.