SavaJe, a Chelmsford, MA-based mobile OS company developing it based on Java, has raised $40 million in equity financing led by Investcorp’s Technology Ventures Fund II, and joined by existing investors VantagePoint Venture Partners, Ridgewood Capital, RRE Ventures, and Vodafone Ventures.
SavaJe will use the new capital to enhance its sales and marketing resources, building on the recent appointment of Lamar Potts, former VP of PalmSource, as Senior VP of Business Development.
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