Boston: Optaros, an assembler of next generation Internet applications, has announced a third round of financing co-led by .406 Ventures and Globespan Capital Partners with participating investment from existing investors Charles River Ventures and General Catalyst Partners. The $12 million investment provides capital for continued expansion into new geographic markets and the introduction of new offerings.

"Optaros excels in assessing the business needs of its customers and developing compelling Next Generation Internet applications. The company has doubled revenue and maintained impressively high client satisfaction," said Larry Begley, Managing Director of .406 Ventures. "We see Optaros as being well positioned to expand their business into new markets."

Optaros is helping companies like The New York Times and Swisscom seize new online opportunities in ecommerce, social media and brand engagement by assembling compelling user experience applications from open source software. The combination of Web 2.0 user experience design, open source technology and full support services provide clients with a complete solution, stated a press release.

"Our clients are looking for greater business agility from their IT investments to meet rapidly growing online customer expectations," said Bob Gett, CEO of Optaros. "Our new round of funding will allow us to introduce new offerings and allow us to expand our reach into European markets," he added.