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Primus invests in software firm

Primus Capital Partners LLC, the U.S.-based venture capital fund with a focus on Central Europe, announced last week it is investing in leading Hungarian enterprise portal software (EPS) maker Sense/Net Kft. As its fourth investment in Hungary, Primus acquired a minority stake in Sense/Net, a company with revenues last year close to $1 million.

The software developer will use the funding to develop and expand its integrated internet, intranet and extranet portal software solutions, as well as for corporate expansion.