Dynamic case management software solutions provider Eccentex has raised $7.5 million in Series A round of venture funding led by VTB Capital, announced the Russian Venture Company (RVC). The investment was made by VTB Venture Fund. The new investment capital will be used for market expansion purposes.
Founded in 2006, Eccentex offers its cloud-based case management platform AppBase as Platform as a Service (PaaS). Its customers can build on-demand software applications.
Eccentex was founded by Alex Stein and Len Tokar, who prevously founded Datamax Technologies and sold it to Exigen Group in 2000.
VTB Capital previously invested in software companies EPAM Systems and aiHit.