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Leostream Finds $2M

Leostream, a Waltham, MA-based provider of application-management software for virtual desktop infrastructures, has raised $2 million in an equity financing, according to an SEC filing. VentureWire reports that Meakem-Becker Venture Capital, of Sedwickley, PA, provided Leostream with the $2 million capital infusion, which the company hopes will be enough to support its operations until it becomes profitable. Leostream raised $3 million in its Series A round of venture capital in 2008.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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