Iteration Software, Inc., a provider of real-time reporting and delivery solutions, announced that it has successfully secured $10 million in Series B funding from venture capital firms Canaan Partners and Crosspoint Venture Partners, along with participation from private investors. This investment will support the company’s product development, additional staffing and go-to- market strategy. Iteration, which was founded in February 2002, will preview its new solution in the coming months with plans for general availability in Q1 of 2003.

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