NEW YORK, NY--(November 30, 2006)--Horizon Wimba, the leading provider of collaborative software to the online education market, announced today that it has closed a $10 million equity financing. The financing was led by Tudor Ventures, the private equity arm of Tudor Investment Corporation, with the participation of existing investors, including The Argentum Group, First Analysis Corporation, and Gefinor Ventures. Horizon Wimba will use the funds to accelerate product development and its sales and marketing efforts.
During the past six months, Horizon Wimba has achieved significant milestones including:
*Obtaining esteemed customers such as UMassOnline, San Diego State University, Drexel e-Learning,...
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