Messaging company IP Unity wins backing, buys Glenayre for $25M in restructuring
IP Unity, a private Milpitas company that offers fixed and wireless messaging and other media services, has gone through a major restructuring.
New Enterprise Associates and Anschutz Investment led the investment of more money into the company, injecting it with $25 million so that it can acquire Glenayre Messaging, a division of Glenayre Technologies in New York.
The company will now be called IP Unity Glenayre.
IP Unity previously raised at least $85 million in funding from NEA,… Continue Reading