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Boston firm puts $12M in Xtium

OpenView invests in Peter Ritz's "virtual private cloud solutions" builder

OpenView Venture Partners, Boston, has led an $11.5 million investment in King of Prussia-based Xtium, Peter B. Ritz's "virtual private cloud solutions" software builder, so it can boost marketing and sales. Statement here, more on OpenView's Philly-friendly investments and Ritz's past at Ntera, AirClic and Ikon Office here from PhillyTechNews.