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February 27, 2003 9:27 AM PST

Applq picks up $12 million

Applq announced Thursday it raised a $12 million second round of funding, co-led by previous investors Matrix Partners and North Bridge Venture Partners. The Burlington, Mass.-based company has raised a total of $20 million to date. Applq develops storage management software. The company uses open industry standards for managing storage systems and integrating business applications.

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