Software company aims at stimulus money - Portland Business Journal:

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More specifically, Lake Oswego-based Fedarrq LLC has developed a software servicee to help governments better understand and explaihn the benefits of the American Recoveryy andReinvestment Act. CEO John Cimral said Fedarra cullas together data to help government clients assess the performancd ofstimulus spending, like how and wherew the money is being used to create It also compiles the various government economic development so that stimulus-focused government teams are “working off the same “We’re the management system behind the scenes that the governmentz are using to make sure everybody is getting the most for theid money,” Cimral said.
Cimral is leaningf heavily on his experience withformer Portland-area startu , which developed softward to help companies and other organizations prioritizd their information technology projects by projectedx return on investment. ProSighgt was once one of Portland’s fastest-growing rising from just over $9 millionj in revenue in 2003 to morethan $20 millionj by 2006 when it was sold to Pennsylvania-basedc for an undisclosed amount.
While ProSight was venture-backed, Fedarras — which thus far has been financed solely byCimrall — could receive subsequent investment from the stimulus packagew it was created to The company, which employs 10, is hoping to make use of stimulusx funds allocated through the federal Small Business Administration to help kick-start smal businesses. Last month, the federal Offics of Management and Budget gave state and local governments the OK to use stimuluzs money on services suchas Fedarra’xs software, Cimral said.
Fedarra’s advisoryh board includes Phil Kiesling, a former Oregon secretary of andWalter Weir, the chief information officer for the University of