OTC Asset Management injects $3.3m in Nuxeo

OTC had already invested $2.6m in late 2008 for a 41% stake in the company. Nuxeo is a provider of open-source content management solutions headquartered in Paris. It generates revenue from its Nuxeo Galaxy partner program, comprised of systems integrators, consultants and application solution providers who build content-centric applications on the company's open-source technology.

The new capital will support a range of partner activities, such as funding co-development of third-party packaged applications, sharing Nuxeo engineering and services resources, as well as joint marketing and product launch activities. Nuxeo also plans to continue its expansion in North America with the hire of dedicated staff responsible for managing and expanding the Nuxeo Galaxy partner program.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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