UPDATE: Illinois Tool To Sell Laminates Business To Private Equity Firm

Connecture Inc., a Brookfield, Wis.-based health insurance process automation company, raised $20 million as part of a recap sponsored by existing shareholders GreatPoint Partners and Chrysalis Ventures, according to VentureWire. Past backers like Total Technology Ventures and Encubate Technology Ventures no longer are shareholders. www.connecture.com  

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