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Enterprise Software - Monday, April 30, 2007

Expand Raises $21M For WAN Optomization

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NJ-based Expand Networks has raised $21M in its 6th financing round, led by new investor Vertex Venture Capital. Existing investors Tamir Fishman Venture Capital (TASE: TFVC), Challenge Fund, and Discount Investment Corporation (TASE: DISI) also invested in the round. The company has raised $74M to date.

Expand Networks was founded in 1998 to develop high-speed remote network applications access solutions for enterprises via WAN optimization controllers.
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