gen-E Scores Private Equity Investment

San Clemente-based Gen-E, a developer of IT process automation software, said Monday that it has received a private equity investment from Solis Capital Partners. Financial terms of the investment were not disclosed. According to the company, the firm will use the funding to accelerate adoption of its software. gen-E--formerly known as generationE Technologies--explained that the funds will go towards growing its channel partner program. The company said it has grown "exponentially" over the past few years, with a 40 percent increase in revenues, and 60 percent increase in headcount in 2011. The firm is headed by Case Kindiger. More information »