RemitData picks up some serious cash

Friday, February 29, 2008

MEMPHIS, Tenn, - A group of equity investors like RemitData's ability to help providers minimize claims denials so much that in January they invested $5 million in the company. To date, RemitDATA has been funded by its principals, Bently Goodwin and Michael Sanderson. The minority equity investors are Noro-Moseley Partners and SSM Partners, RemitData reported in early February.