Norwest Venture Partners, a venture capital business partner for emerging growth IT companies, today announced a $3.25 million follow-on investment in Arbortext, the provider of standards-based enterprise software for information creation, editing and publishing. Norwest has invested a total of more than $9 million in Arbortext, and Promod Haque, managing partner with the firm, is a member of Arbortext’s board of directors. This second round of funding, totaling $10.25 million, was led by Invesco and also included an investment by Access Capital. Arbortext plans to use the funding to expand sales and marketing activities. www.arbortext.com, www.norwestvc.com
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