Pivot will use the funds to maintain its steady growth rate while continuing to develop core business operations, Pivot 360 and partner integration.

Pivot creates revenue-generation tools for participants in trading-related workflows. Pivot's full suite of real-time collaboration applications tighten processes, expand collaboration opportunities and streamline information management. Pivot provides the capital markets with an advanced platform to facilitate expanded trading capabilities, reduced costs and improved investment performance.

"Pivot continues to grow its customer base and reinforce its reputation as the fastest growing institutional collaboration and communication network in the financial markets," said Ron Patterson, executive vice president of MMV Financial. "Its seasoned management team and proven solution continue to stay ahead of the market by leveraging Web 2.0 capabilities to drive business and increase sales within capital markets. We forecast consistent and strong revenue growth in the future."

Pivot 360 lets institutional professionals manage all information 360 degrees around a transaction by advancing beyond traditional instant messaging. Its IMTRADER module integrates instant messaging with back-end systems to drive efficiency, productivity and profitability. Its Broadcast Management module targets and manages large scale communications strategies with tools that ensure effective delivery of revenue generating ideas and liquidity.