Eprise Corp, Framingham, Massachusetts-based provider of business content management software and services, has bagged $8.5m in an oversubscribed second round of funding. The company says the high level of investor interest well exceeded its own expectations. Alliance Technology Ventures, a venture capital firm based in Atlanta, led the round. Other new investors included Egan-Managed Capital, Axiom Venture Partners and Phoenix Home Life Mutual Insurance Co. All of the first round investors in the company – Prism Venture Partners, Tredegar Investments Inc, and the Still River Fund – provided additional funding in the latest round. Eprise says it will allocate the money company-wide for product development, sales and marketing and the buildup of infrastructure. The company’s flagship product, Eprise Participant Server, is designed to provide a flexible content management framework that enables the management of business web sites to be distributed throughout an organization. Eprise says it basically allows non-technical people – ie. managers and marketing people who know the most about the business – to add and manipulate content with an extremely simple interface. The company, which was founded in late 1997, currently has 39 employees. It claims to have no other products in the works and no concrete plans to go public. Its main competition comes from Austin, Texas-based Vignette Corp.
