Aveksa closes $10 million round

Aveksa Inc., a Waltham-based provider of enterprise access governance solutions, said it closed a $10 million Series C round.

FTV Capital, which has offices in San Francisco and New York, led the round, and other participants included FirstMark Capital and Charles River Ventures, which has offices in Waltham.

Aveksa said it will use the capital to expand its global operations, sales, marketing, and product development efforts.

"The ability to maintain appropriate, compliant user access across the enterprise continues to grow significantly due to increased regulatory demands, made all the more complex by the active merger and acquisition environment in the financial industry," Liron Gitig, principal of FTV Capital, said in a statement. "We believe that Aveksa has both the management team and technology in place to deliver on a substantial market opportunity in access governance and compliance management, and we continue to be excited about the opportunity to help the company extend its leadership position in the market."
(By Chris Reidy, Globe staff)