deals, VC, location based services

Cadec Global Locates $4M

Wade Roush 4/2/09

Manchester, NH-based Cadec Global, which makes GPS tracking, logging, and safety equipment for fleets of trucks, said today that it has raised $4 million in new capital from existing investor Thule Investments of Reykjavik, Iceland.

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.