Xtium has its head in the clouds
A cloud-computing company led by a veteran Philadelphia-area technology executive received an $11.5 million investment from a Boston venture-capital firm that invested in two other area firms last month.
Xtium LLC got the first-round investment from OpenView Venture Partners , which invested $15 million in Conshohocken-based Monetate Inc. and $10.3 million in King of Prussia-based NextDocs Corp. in August.
Xtium is led by Peter Ritz, who co-founded AirClic, a Trevose mobile technology company. Today, AirClic predominantly sells software to companies that use it to keep track of their shipments and people, but originally it attempted to use its technology to enable …
Please visit the Philadelphia Business Journal to continue reading the article.