NEWS10 December 2012

Knoa raises $7.5m for global expansion

Financials North America

US — User experience and performance software specialist Knoa Software has raised $7.5m funding from a group of investors including Gefinor Ventures, Advantage Capital Partners and Rand Capital.

The company says the latest round of investment, which includes additional funds from existing investors Ascent Ventures and FA Tech, will increase the global reach of its Experience and Performance Manager (EPM).

The Knoa EPM is aimed at helping companies assess each user’s experience and understand how they navigate an application. It provides an early indication of user inconsistencies before they reach the customer.

Thad Eidman, chief executive officer of Knoa Software (pictured), said: “Their investment will support the further development of our solutions and our continued rapid expansion into global markets.”