Lotame obtains loan from Conn. company
Posted: 2:47 pm Wed, March 27, 2013
Lotame Solutions Inc., of Columbia, the developer of a data management platform for publishers, ad networks and marketers, has obtained a $5.5 million loan from Farmington, Conn.-based Horizon Technology Finance Corp.
Lotame said it will use the funds to strengthen initiatives in the U.S. and abroad, and expects to hire additional personnel in the areas of sales, technology and executive management. Lotame said its marketing strategy is aimed at increasing worldwide adoption of its data management platform.
Horizon is a specialty finance company focused on development-stage companies in the technology, life science, health care information and services, and clean-tech industries.