Internet software company Bullant has announced the closure of its major international funding foray, scoring $US23 million from a consortium led by JP Morgan.
Announced in January, the company planned to rake in around $40 million in funding and, exchange rate pending, looks to have hit the mark.
The investors included Intel Capital, the investment arm of the processor manufacturer and e1 Global, the investment arm of First Global.
Attending the company's first board meeting in its new San Francisco head office, Bullant CEO Gary Aitchison said the funding will push Bullant towards the commercialisation and enhancement of Bullant software.
Aitchison said Bullant is currently formalising a prime distributor/reseller partnership for its technology in Australia. ARN will announce this partner, which Aitchison revealed is a product development and consulting firm, in coming weeks.