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Lanyon Lands $10M

Dallas-based Lanyon, a developer of technology used for bid and spend management for the travel industry, said today that it has raised $10M in an expansion funding round. The funding came from private equity firm Frontier Capital. Lanyon said it provides content and bid management solutions to over 90,000 hotels, as well as hundreds of companies. The company said the new funding will go to expand sales, marketing, and customer support, as well as for enhancing its products. Lanyon was founded in 1984. More information »