Centura Software has secured $12.5 million in funding to use as working capital and to boost its newly formed Information Appliance (IA) and eBusiness (EB) divisions.
The development tools supplier that was formerly known as Gupta brought in Scott Broomfield as chief executive about a year ago to try to lift the fortunes of the ailing company.
He said: "This investment supports our strategy and market focus and gives us the ability to accelerate our business plans as we move into 2000."
He claimed that the new IA and EB units would help Centura exploit its new business relationships with SAP and Nocom, and would enable customers to extend their enterprise systems.
In November, the company expanded its development deal with Nocom to enable mobile phone users to access corporate applications. It also teamed SAP to build software that would enable customers to access SAP's applications from handheld devices.
Len Strickler will head up the IA unit's sales teams in North America and Japan, while Heinz Hoerth, who is based in Germany, will lead the European IA division. Larry Stefonic will lead the North American EB business unit sales team.
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