New Enterprise Associates (NEA) and an affiliate NEA-IndoUS Ventures Fund have invested $25 million in ISGN, a software services player in mortgage sector.
This is surprising considering that software services, as a space, has become unattractive due to various macroeconomic factors. This deal may indicate one of the following
1. From investors' side, difficulty of finding good deals. Basically, too much money running after a few good plays
2. ISGN has agreed to a low valuation
3. NEA considers mortgage segment an exception in software services game
Wednesday, June 13, 2007
ISGN receives $25 million Mezzanine Funding
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