Intelliden raises $10M more for corporate network configuration
Intelliden, a Menlo Park, Calif. company that allows businesses to configure their corporate networks, said it has received $10 million in a fifth round of funding.
It has now raised a total of $69 million in venture backing.
Matrix Partners led the round, and was joined by existing backers including 3i, Granite Global, Hercules Technology Growth Capital and Westbury Partners.
Intelliden’s networking software allows companies to things like deliver services such as VoIP, internet protocol television (IPTV) and high-definition television (HDTV).
In a statement sent to VentureBeat Monday, the company its customers include Bell Canada, British Telecom, Comcast, Scotia Capital, TELUS, Telecom Italia, Verizon and VISA.
More details here.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
