Lumigent Technologies Inc., a developer of availability tools for the mid- tier database market, is getting $700,000 in new venture capital funding. The company will use the money for sales, marketing and new product development. Lumigent’s core product is Log Explorer, a data base tool which has the ablility to restore lost data directly from a Microsoft SQL transaction log.

The company’s customers include I.M.P Group International, Ceridian and CyberTrader.

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