United States: OpenQ Raises $2.5 Million.Byline: Mamta03 OpenQ, a provider of CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. software, has raised an undisclosed amount of equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. from Grotech Ventures. VentureWire puts the round about at $2.5 million. OpenQ has offices in the U.S. and France. OpenQ, the industry leader in innovative tools for information and research for life sciences marketing, compliance, R&D and medical affairs announces that it has secured an equity investment from Grotech Ventures. The new capital will fuel an expansion of openQ into new markets and new research areas. We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to receive an investment and strategic guidance from a fund like Grotech, who has a track record of enabling technology, information and services for life sciences companies to grow and meet their full potential, stated Jim Zuffoletti, openQ President. My co-founder, Otavio Freire, and I look forward to our continued partnership in securing openQ s position as a leader in its sector providing technology, information and research to life sciences companies around the world. Otavio Freire, Chief Technology Officer and Co-Founder of openQ, commented: These proceeds will fund additional critical data sets and their integration within our platform. It will also allow us to develop the appropriate and necessary infrastructure to bring the solutions to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. . I believe there will be a tremendous amount of opportunity in the life-sciences information markets for openQ products. Our top-of-the-line applications, data, regulatory and go-to-market database are like no other. Life science companies can now literally access, crunch (1) To process data. See number crunching. (2) To compress data. See data compression. 1. (jargon) crunch - To process, usually in a time-consuming or complicated way. , analyze and store information and critical processes from the very same screen and collaborate with the physicians in the market. We believe openQ will prove integral to the huge opportunity in this market and will bring excellent returns for our investors. We look forward to this next stage of our development. Grotech is pleased to begin a collaboration Working together on a project. See collaborative software. with openQ to help the company extend their current leadership position as an innovator in life sciences technology and information. We are impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with openQ s rapid growth and successful track record serving the largest pharmaceutical and the smallest biotechs with creative solutions to help ensure compliance, speed time to approval, and accelerate adoption, added Chuck Cullen, General Partner at Grotech. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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