Vision Internet Gets Private Equity Investment

Santa Monica-based Visio Internet, which develops Internet sites for governments, has raised a round of growth capital, according to the company. The funding came from Caltius Equity Partners. Size of the investment was not disclosed. As part of the funding, Vision Internet said it has named David M. Nachman as its CEO. Nachman is the former Chief Business Officer of Velocify, and also served at Marlin Equity Partners, Phoenix Energy Technologies, McKinsey and Company, and Kidder, Peabody & Company. Vision Internet provides government website development, and says it has nearly 600 government, non-profit and education clients.