Xeround Systems Receives $16,000,000 Series B Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6b7c5f5f-e244-430c-a6f6-1ddf69c6fdbf&Preview=1 -
Date
7/9/2008 -
Company Name
Xeround Systems -
Mailing Address
15375 SE 30th Place Bellevue, WA 98007 -
Company Description
Next-generation network services are a dramatic evolution in the carrier market. Over the next five years, Next Generation Networks (NGN) based on IP Multimedia Subsystems (IMS) reference architecture, will have almost entirely displaced all other forms of fixed and mobile networks in the telecommunications market, including those that currently support Public Switched Telephone Networks (PSTN) and Cellular telephony services. -
Website
http://www.xeround.com/
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Transaction Type
Venture Equity -
Transaction Amount
$16,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The newly acquired funds will be used to increase sales and marketing activities as well as to step up research and development to advance the product roadmap. -
M&A Terms
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Venture Investor
Ignition Partners -
Venture Investor
Trilogy Equity Partners -
Venture Investor
Benchmark Capital -
Venture Investor
Giza Capital
