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May 29, 2001 4:30 PM PDT

ASP Surebridge snags $15 million

Surebridge said Tuesday it received a $15 million second round of funding. The Lexington, Mass.-based company, which has raised a total of $51 million, is an ASP (application service provider) to mid-sized companies in the professional services, manufacturing and financial services industries. Surebridge received investments from Axxon Capital, The Berkshire Group, Compaq Computer, Providence Growth Investors, Spectrum Equity Investors, Goldman Sachs and executives at Thomas H. Lee Partners. Computer giant Compaq also struck an alliance with Surebridge, in which the companies will launch a joint marketing effort and standardize Surebridge on its ProLiant servers, storage systems and computer terminals.

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