StarCite raises $15,000,000

StarCite, Inc., the leading provider of on-demand meeting and event management solutions for corporations and hotels, venues, and other meeting suppliers, today announced that it has secured $15 million in funding.  StarCite, Inc. provides a technology platform that makes meeting and event planning, booking and management simpler and more cost-effective for corporations, hotels, venues and meeting suppliers worldwide.  “Meetings have long been one of the last unexplored frontiers of spend management for corporations, but this is rapidly changing,” said Keith Forshew, Chief Operating Officer of StarCite. “Companies are zeroing in on value-adding technologies that improve both visibility and control over their meeting investment. At the same time, hotels, venues and other meeting suppliers are searching for ways to connect electronically with potential customers. Our on-demand solutions fulfill all these needs. We are pleased to have the additional funds from this offering to help ensure we make the investments that will solidify our position as the leading provider of on-demand meeting and event management solutions.”