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Newport Beach, Calif.-based NextStrat Inc., a developer of software for strategy formulation and implementation, announced Wednesday it has secured an undisclosed funding amount from Citadel Capital Management Group, an international investment services firm in Pasadena, Calif. As part of the deal, Wendell Birkhofer, an investment banking services executive at Citadel, will be NextStrat's board chairman. The company received its first round in March 2000 from First Security Van Kasper, later acquired by Wells Fargo. NextStrat plans to use the funds to develop its software, establish an early customer base and build alliances with a management consulting firm or enterprise software vendor, Chief Operating Officer Patrick Adams wrote in an e-mail interview. He said the company does not expect the new round to carry the company through to profitability. --Cheryl Meyer www.TheDeal.com