Accrue receives $7 million in financing

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Accrue Software, which provides software to analyze Web site traffic, said it has raised $7 million in venture-backed financing from new investors Vertex Management and Orchid Holdings, as well as new investments from existing backers Sterling Payot Co., Mohr, Davidow Ventures and Morton Meyerson. The new financing will be used to expand its eBusiness analysis software.

Copyright August 1998, Crain Communications Inc.

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