In case you missed it — Coremetrics announced today that they just landed another $60M in financing.
(How things have changed: when Accrue did its IPO nine years ago, we raised something like $39M. It just goes to show that there’s a lot of money available outside the public markets.)
Good for Coremetrics that their investors see enough demand to hand over such a large sum. It certainly bucks the conventional wisdom that Coremetrics was slowly withering away — it should put new life into their deals and a new swagger in their walk. Reading the press release, I can imagine the message to investors: we are not constrained by the market, the competition, or our technology: we need more feet on the street.