Tuesday, February 06, 2007 7:30:00 AM PDT | VentureDeal Staff
NY -- Teliris announced the closing of a new round
of funding, securing $40 million from Fidelity Ventures and Columbia Capital.
Teliris sells and manages telepresence systems that allow companies to
teleconference around the world.
Both investors co-led the round. The proceeds are primarily for worldwide
sales and marketing expansion, all the more important since heavyweights Cisco,
HP and Polycom are entering the market. The company claims system
installations in 18 countries and the largest installed base of Fortune 500
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