France-based software company IS2T closed a €2.5m ($3.3m) round on the 28th November, the money being invested by investment firm Innovacom.
IS2T secured $1.65m from venture capital and private equity firm Ace Management in April 2007. The most recent round of funding will be invested in expanding IS2T’s technology, portfolio and sales influence in Europe, as well as stretching its presence to the US and other large countries..
Vincent Deltrieu, partner at Innovacom, said: "IS2T offers the simplest and most efficient way to implement standard software on a variety of proprietary hardware. Customers benefit from a continuous design process that allows all relevant parties to closely interact: hardware and software engineers, sales and marketing teams, project leaders and Corporate VPs."