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Software firm raises $25 million, names new CEO

February 8, 2017

SpringCM, a fast-growing cloud software company, raised another $25 million for expansion and named a new CEO.

Crestline Investors, a fund based in Fort Worth, Texas, led the investment in SpringCM, which is best known for its contract-management application built on top of the Salesforce platform. Dan Dal Degan, a veteran software exec from Chicago who joined SpringCM's board last year, becomes CEO. Founder Greg Buchholz will be president and chief operating officer.

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