Atlanta-based BroadSource, now Movero, rings ups $2.2M raise
03/02/2011
Atlanta, GA (TechJournal South) -- BroadSource, a telecom expense management company, which has changed its name to Movero Inc., has closed a $2.2 million equity raise from six investors, according to a regulatory filing. It comes on the heels of raising $14.8 million two months ago, both through its IMBS Holding company.
Investors in the company include New York based Enhanced Equity Fund, and Atlanta’s Harbert Mangement Corp. and Noro-Moseley Partners.
The company name change follows its acquisition of Texas-based Molvero Technology as it broadens its reach to mid-sized and larger enterprises.
The firm says it enables middle-market enterprises to increase visibility, improve operational performance and gain greater control over their telecommunications providers, services and equipment so they save money.
It sells a technology software and professional services combination called OneSource.
The company disclosed the raise in a filing with the US Securities and Exchange Commission.
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