SMB Suite Gets $3M In Funding

Irving, Texas-based SMB Suite, a developer of hosted ERP, CRM, and other software for small and medium sized businesses, has raised $3M in a funding round. The round came from Meritage Funds, and its Meritage Fund III Growth Equity fund. SMB Suite's products are based on Microsoft Dynamics. Meritage said that it is SMB Suite's first and only institutional investor. Chris MacFarland, the CEO of Masergy Communications, also has invested in the company and has been appointed to the board. More information »