Redline Communications secures US$18 million in VC Funding; Matrix Partners and U.S.Venture Partners share investment, join Redline board.

0 Comments | M2 Presswire, July, 2004

M2 PRESSWIRE-26 July 2004-Redline Communications Inc: Redline Communications secures US$18 million in VC Funding; Matrix Partners and U.S.Venture Partners share investment, join Redline board(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:07262004 TORONTO - Redline Communications Inc., a leading provider of standards-based broadband wireless equipment, today announced that it has secured US$18 million in financing from Boston-based Matrix Partners and Silicon Valley-based U.S.

Venture Partners (USVP). The financing will support the Company`s aggressive international business development and sales and marketing initiatives. It will enable Redline to enhance its research and development, and ensure that the necessary resources are in place to expand its customer...