MTC Receives $14 Million in Venture Capital Funding

“An information technology company like MTC finds real value in alliances and partnerships with world leaders like Avista Corp. and Enron,” said John Heibel, MTC’s chairman and CEO. “These alliances will allow the advancement of business opportunities through various shared initiatives such as marketing new technologies and gaining stronger competitive capabilities.”

CINCINNATI-Cinergy will buy about 5 percent of the Convergent Group, in connection with a strategic alliance being formed by the two companies. In the equity transaction, Cinergy will purchase Convergent Group’s common stock in two phases.

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