Socialware Gets $7M

Austin-based Socialware, the developer of enterprise social media tools, said this morning that it has raised $7M in a Series C funding round. The round was led by Morgan Stanley Expansion Capital. Socialware, which is led by Chad Bockius, also is backed by FLOODGATE, G-51 Capital, and Silverton Partners. Socialware's social media tools are used by financial services firm to monitor compliance with securities law, when employees are using social media site like Facebook, Twitter, and LinkedIn. More information »