Home Banking & Finance Decisyon ups round to $15M

Decisyon ups round to $15M

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Decisyon Inc. made official what has become a $10 million round of financing, with another tranche of $5 million to follow in 2013.

The Fairfield County Business Journal first reported in early October what Decisyon had disclosed as a $9.5 million round of funding, with the company led by Tom Cowan, a former IBM Corp. executive who later led OutlookSoft Corp. in Stamford before its sale to SAP.

Decisyon is now based in Stamford, having previously listed its main U.S. office in California. The company was founded in Italy with software allowing managers to better integrate and analyze disparate sources of information from across the enterprise.

Axel Johnson Inc. was the lead investor for Decisyon’s new round of funding; the company’s board also included Erik Jansen, an advisor to Connecticut Innovations Inc. and a onetime partner with Pequot Ventures; and William Laverack Jr., a former J.H. Whitney & Co. partner who is head of New Canaan-based Paumanok Partners L.L.C.

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