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Trigence Secures $8M

OTTAWA -- Trigence, the leader in virtualization at the application level, today announced it has raised $8 million in new financing. The investment brings Trigences total venture funding to $17.5 million. The additional funding, which is led by GrowthWorks and includes existing investors BDC Venture Capital and VenGrowth Capital Partners, will be used to meet demand by extending the technology to additional platforms and accelerate sales through marketing and strategic partnership programs.

“The management of applications is one of the major line items on a company’s IT balance sheet. As this issue grows in complexity and scope, Trigence can continue to take advantage of a significant opportunity for sustained success in this critical area of application virtualization,” said Tim Lee, Vice President, Investments, GrowthWorks. “GrowthWorks looks forward to helping Trigence continue on its growth trajectory.”

Trigence Corp.