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Stortext, the Edinburgh-based software company, has secured a further £3.8m of venture capital in order to invest in R&D, new premises in Dunstable and the expansion of its sales and marketing team.

Stortext has raised £5m of funding from a consortium of investors, in order to improve its technology and infrastructure and expand its online document storage business into the south of England.

Stortext, the Edinburgh-based information management company, has sold its paper storage business to Britannia Data Management for £10m.