Turin Networks takes significant funding from private equity investor
Carrier ethernet company Turin Networks has taken a large investment from Millenium Private Equity, according to VentureWire, likely representing 20 to 25 percent of the company.
Turin makes carrier ethernet for wired and wireless networks, as well as backhaul networks. The additional money will help it expand in the Middle East, Asia and Africa.
The Petaluma, Calif. company recapitalized in May 2007 and later in the year made a $92.7 million acquisition.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.