Thursday, September 25, 2008

Turin Networks Gets Strategic Investment

Petaluma-based Turin Networks, a developer of equipment for the Carrier Ethernet market, said Thursday that the firm has scored a strategic investment from Dubai-based Millenium Private Equity. Financial terms of the deal were not disclosed. Millenium Private Equity was made through MPE's Telecom, Media, and Technology Fund. Turin networks was advised by Advanced Equities in the deal. Turin Networks has previously raised funding from Advanced Equities, Baker Capital, DCM-Doll Capital Management, Motorola, Sequoia Capital, Tellabs and Tudor Ventures. More information »