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InnerWireless Signs On To New Venture Debt

Friday, May 16, 2008 5:55:00 AM PDT | VentureDeal Staff

RICHARDSON, TX -- Wireless company InnerWireless announced that it has assumed $9.5 million in a new venture debt facility.

InnerWireless provides in-building wireless systems for voice, data, location and other wireless applications.  The company offers IT-friendly features like low OPEX costs and multi-carrier and AP vendor neutrality.

Silicon Valley Bank provided the financing.  The company said it would use the funds to fuel its growth and meeting demand for its products.

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