SavaJe Technologies Closes Third Round of Funding

2/4/2002 - SavaJe Technologies, Inc. announced today that it closed its third round of funding, led by New Venture Partners and Ridgewood Capital. This financing represents the first investment for New Venture Partners since its spin out the Lucent New Venture Group earlier this month. Net Ventures also participated in the round. The company plans to use the proceeds to expand its sales and marketing effort and to support continuing product engineering.

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