Security, Homeland Security, Passport Systems
Passport Systems Books $7.4 Million
Wade Roush 11/26/07
Passport Systems, the Acton, MA-based maker of cargo screening systems profiled here in September, has closed on about $7.4 million of an anticipated $10 million funding round led by angel investors and two local venture funds, according to company COO Bill McLendon. PE Week Wire first reported the milestone this morning.
Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.
