CM First Group Secures $1.2M Investment

CTAN and Lone Rock lead new equity financing

CM First Group, an innovative provider of modernization solutions for enterprise software applications, announced today that it has secured $1.2M of new equity financing. The investment funds will accelerate the growth of CM First’s software tools and services. The investment round was led by Central Texas Angel Network (CTAN) and Lone Rock Technology Group with Capital Factory participating. Clint Whitaker of CTAN and Joel Trammel of Lone Rock were appointed to the Board of Directors of CM First.

“Over our successful six-year history, we’ve helped more than 400 clients modernize billions of lines of code,” said John Rhodes, managing director of CM First. “The additional funding supports our continued growth and will enable us to help thousands more enterprises confidently modernize through the best possible understanding of their applications.”

View the full press release here.

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