News

Triversity receives $15 million from TCV

December 15, 2002

TORONTO, Ontario - Triversity Inc., a provider of software solutions and services for the retail industry, announced on Dec. 16 that it has secured $15 million in Series C Financing for product and international expansion.

Silicon Valley-based Technology Crossover Ventures (TCV) provided the funding. TCV, is a provider of growth capital to technology companies, according to a Triversity news release.

As part of the agreement, Henry Feinberg, a venture partner at TCV, will assume a seat on Triversity's board of directors. Feinberg is the former chairman and CEO of Rand McNally.

Triversity serves more than 500 retailers in 32 countries.

It provides software to extend tradition transaction processing to include Internet, kiosks and wireless devices.