Enterprise software developer Simtrol (OTCBB: SMRL) has closed on $1.4 million in new financing through a private stock placement.

The company also has a new chief technology officer – David Strickland, a former executive for development at Swingvote. Strickland also has worked as director of technology at Singlecast.

Simtrol has raised $4.1 million in capital this year.