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Intesource Upgrades Software

Phoenix, Arizona-based Intesource, a provider of sourcing software used by companies to find vendors, said this week that it has upgraded its Intelligent Sourcing Suite to version 4.0. The new software adds better spend management capabilities, contract management features, document management, and other features. Intesource is backed by Dominion Ventures, Greyhawk Venture Partners, and Peninsula Equity.