Tuesday, December 12, 2006 7:30:00 AM PDT | VentureDeal Staff
CA -- Metavize, Inc. announced the closing of a
$10.5 million Series A round of financing and changed its name to Untangle, Inc. The company develops
software and hardware applications to increase enterprise network security.
Concurrent with the new financing, the company appointed Bob Walters as
CEO. Walters was previously CEO and president of software developer
CMEA Ventures and Rustic Canyon Partners invested in the round and firm
representatives have taken seats on the company's board of directors.
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