Austin, Texas - Socialware, a stealth-mode start-up developing social networking technology, has raised $1.5 million of a planned $1.7 million round of venture capital financing, PaidContent reported, citing an SEC filing.

While investor information was not disclosed, a principal with Silverton Partners is on the company’s board.

Austin-based Socialware is reportedly developing a social media management and analysis platform for businesses.

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(PaidContent)

http://www.socialware.com