Wednesday, May 9, 2012

Swan Island Networks Picks Up $2.5M

Portland-based Swan Island Networks, a provider of cloud-based, data services, said Tuesday that it has raised $2.5M in a financing round. Source of the funding was not announced. The company said the new preferred stock financing round included both new cash and conversion of debt. Swan Island is headed by CEO Charles Jennings. Swan Island's software is used to unify multiple business intelligence and other data sources into a single platform. More information »