Ecommerce software company Rearden Commerce has
Rearden also said Wednesday it has acquired the social buying service HomeRun.com.
Rearden, creator of the Deem ecommerce platform, had previously raised money from JPMorgan Chase and American Express, but Citigroup is a new investor. Rearden said in a statement that it would use the capital for "various high-growth initiatives, including acquisitions, working capital and debt repayment."
The financial terms of the deal for HomeRun were not disclosed in the press release. The Foster City, Calif.-based Rearden provides online services for customers to manage things such as business trips, restaurant reservations and conference calls.
In the coming months, Rearden said that it will launch next-generation merchant offer apps as the company continues to grow beyond its initial focus on business travel. In the last year, Rearden has quadrupled its merchant network to more than 1.2 million, the company said in a statement.
In May 2008, Rearden
