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Liquid Engines Revs Up with $5.5 Million in Additional Funding |
Liquid Engines, a leading provider of corporate tax management software, has secured $5.5 million in a follow-on round of Series C funding. Existing investors, The Carlyle Group, Advanced Technology Ventures, Charles River Ventures, and Catamount Ventures participated in the round, exhibiting strong investor confidence in the market opportunity and company’s vision and strategy. Liquid Engines will use the additional funding to fuel continued expansion across the business operation, including product development, professional services, sales, and marketing.
“Since our original investment in 2004, Liquid Engines has made significant progress in delivering clear-cut business results for Global 1000 firms in a cross section of industries,” said Charles Rossotti, The Carlyle Group. “The company has established a strong foundation in the marketplace, has formed a stellar leadership team, and is poised for significant market penetration and growth.”
“We are very pleased with the support we’ve received from our industry leading investors,” said Gwen Spertell, CEO of Liquid Engines. “With this additional funding, we will take the company to the next level by continuing to work in close partnership with our corporate tax customers to address their key technology challenges and hiring the best talent in the industry.”
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