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Hercules Invests $22.5 Million in Ikano Communications

Tuesday, April 10, 2007 7:30:00 AM PDT | VentureDeal Staff

SALT LAKE CITY, CA -- Ikano Communications announced the closing of a credit facility from Hercules Technology Growth Capital in the amount of $22.5 million. 

Ikano provides private label, wholesale and retail Internet services to telecom companies.  The company intends to use the proceeds to expand its sales and marketing efforts.

Hercules is a Palo Alto-based publicly-held specialty finance company that provides debt growth capital to privately-held companies in the technology and life science sectors.

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