Credit Agricole invests $8m in US software

Credit Agricole Private Equity has led an $8m investment into US-based software company Bizanga, alongside returning investor Galileo Partners.

The San Francisco-based company develops the Intelligent Message Processor (IMP), a software product that offers a flexible way to deploy, manage and secure e-mail and messaging services. The investment will be used to finance the company's development, launch a number of new products and support growth in the Asia Pacific region.

Galileo Partners provided a seed round of investment in 2006.

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