RALEIGH, N.C. – Accipiter Solutions, an online advertising technology provider, announced that it has secured a $2 million round of funding from Charlotte-based venture firm, Frontier Capital. Frontier will assume two seats on Accipiter’s board of directors.

This is the first round of venture capital for Accipiter since the management team regained control of the company from Engage in November 2002. Engage as part of the CMG Internet holding group had originally purchased Accipiter for $35 million in March 1998.

Accipiter plans to use the funding to hire additional personnel in sales, marketing, development and technical support. The company said it has five immediate new positions open as a result of the funding.

www.accipiter.com

© 2005, TechJournal South. All rights reserved.