IT, deals, VC

$20M for Verivue

Wade Roush 9/9/09

Verivue, the Westford, MA-based maker of multimedia distribution switches for cable and telecom operators, has raised $20.1 million in an equity offering, according to regulatory forms filed yesterday. PE Hub, citing a Venture Wire report, says new investor Sigma Partners took the lead in the round. Verivue raised a $40 million Series B round in March of this year, on the heels of a $25 million Series A round in 2007.

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.