What Company Is Offering:
Crescendo Networks is the recognized performance leader for accelerating and optimizing the delivery of business-critical, web-enabled applications. The company’s unique multi-tier application architecture dramatically improves the operation of today's demanding application infrastructure. The world’s largest corporations and fastest growing web properties rely on Crescendo for the application performance and efficiency needed to ensure usability, facilitate rapid business growth, lower IT costs and capture additional revenue.
How Much They Got From VCs:
Crescendo Networks, Ltd., the recognized performance leader in accelerating and optimizing Web applications, today announced the company has secured $9.5 million in its third round of major funding, bringing its total amount raised to $36.2 million. The Challenge Fund – Etgar II L.P. participated in the current financing and joined current investors, Evergreen Venture Partners, Apax Partners, Magma Venture Partners, StageOne Ventures and Convergent Capital. In these tough economic times, Crescendo Networks is one of a very few companies to receive additional venture capital financing from new investors, illustrating its strength in the market place.
More at:www.crescendonetworks.com
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