Burlington, Mass. - Mzinga, a provider of collaboration and customer relationship management software for businesses, has raised $32.5 million in venture capital, led by W Capital Partners.

Part of the funds is being used to acquire Prospero, a social media provider with a focus on the media, entertainment, and publishing sectors.

Terms between the two privately held firms were not disclosed.

Mzinga has about $30 million in annual revenue and more than 125 enterprise customers, including ABC, AOL, ESPN, CBS.com, iVillage, Chevron Corporation and Johnson & Johnson.

Related Links:
http://www.prospero.com/press_release_3-03-08.asp

http://www.mzinga.com