17-Mar-2009
Company Will Use New Funding for Global Expansion of Sales and Marketing, Continued R&D
MARCH 17, 2009, VANCOUVER, BC—Zeugma Systems, a supplier of open telecommunications solutions for broadband service providers (BSPs), today announced it has closed approximately $9 million as a part of its Series C funding round. This round brings total funding to date to $50 million. Investors include Granite Ventures, Ventures West, Vertex Venture Capital, GrowthWorks Capital Ltd., Yaletown Venture Partners, BC Advantage Funds, and GTD Capital. The company will use the funding for global expansion of its customer-facing sales and support activities as well as for continued R&D.
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