MICROSOFT VAR TECTURA GETS $12M FOR ACQUISITIONS: Tectura, a Tempe, Ariz.-based reseller for Microsoft Business Solutions, has received $12 million in financing from venture capital firm Pequot Ventures that it will use to make acquisitions.

Tectura chief executive Terry Petrzelka said that the investment, combined with Microsoft’s commitment to his company, would enable Tectura “to accelerate its national expansion as a dedicated Microsoft channel partner that delivers true business value to companies across the U.S.” The Accounting Today Technology Pacesetter company report lists Tectura as having 180 employees and $36 million in 2003 revenues.

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