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Media Coverage SafeHarbor raises $5M

From the Puget Sound Business Journal

January 20, 2005

SafeHarbor Technology Corp. said it has raised $5 million from existing investors OVP Venture Partners, Wheatley Partners and Covestco in what it calls a series C funding.

The company said it "has transformed itself" in recent months under the leadership of Annette Jacobs, who was named president and chief executive officer in April 2003.

The Satsop-based company provides customer interaction and business intelligence services. Officials said it recently achieved a 100 percent customer renewal rate and double-digit revenue growth.

The company in March 2002 said it had raised $7.5 million in its fourth funding round, bringing its total financing to that point to $40.5 million.

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© 2005 American City Business Journals, Inc. and its licensors. All rights reserved.


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