Monday, November 13, 2006 7:30:00 AM PDT | VentureDeal Staff
NH -- Pannaway Technologies announced that it has
received $10 million in expansion round funding. The company makes
network routers, switches, gateways and software for the telecommunications
Funding was provided by a syndicate of over 30 private investors, which
included former New Hampshire Governor Craig Benson and Cabletron Systems
founder Robert Levine.
The company plans to use the proceeds to fund sales and marketing expansion as
well as continued development of their product lines.
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