TKO Closes New Financing

Officials from TKO Software have today announced the company has closed a Series B Financing of $4.8 million. The financing was supported by the company's original investors and several new private and institutional investors. At the same time the company has annouced the addition of John Kehriotis and Louis Rittenhouse to its Board of Directors. Kehriotis is the owner of San Jose-based real estate investment company JMK Investments, as well as a minority of owners of basketball team the Sacramento Kings. Rittenhouse is a local businessman with a number of interests in the Santa Cruz area.