Siperian Secures $10 Million

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Siperian, a customer data integration and management solution provider, said yesterday that it has closed its Series D funding round with $10 million in investments from new and existing investors.


Its flagship product, Siperian Hub, lets IT teams build and manage customer data hubs that deliver unified, accurate customer views across disparate data sources, applications and channels to different business users in a timely fashion, the San Mateo, CA, company said.


In conjunction with this round of financing, Siperian added two directors to its board: Raymond Stern, who until recently was senior vice president strategy and chief marketing officer at Intuit, and Virginia Turezyn, managing director of Constellation Ventures.


The customer data integration market is expected to hit $13.8 billion by 2008, according to IDC research. This month, IBM placed a stake in the burgeoning CDI space by acquiring Ascential Software for just over $1 billion.


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