Scivantage Closes on $28M Financing Round

Scivantage, a developer of Web-based front and middle-office technology for the financial services industry, has raised $22 million from Brown Brothers Harriman Capital Partners. The company also sealed $6 million in debt financing from The Provident Bank. The money will be used for growth, and to provide liquidity to some of the company's early-stage investors. As a result of the financing, BBH Capital Partners’ Jeffrey Meskin and Charles Shufeldt have joined the Scivantage board. Scivantage is based in Jersey City, N.J.

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