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property for sale in balchik varna brovets bansko bulgaria
News and Information Article
Brings total raised in recent financing to US$15.75M
VANCOUVER, July 18 // - Zeugma Systems Inc., a venture-backed
company developing a telecommunications system for next generation, high
speed broadband networks, is pleased to announce that it has raised an
additional US$2.25M in the second closing of a recently-disclosed venture
capital financing. Participants in the second closing include BDC Venture
Capital and Zeugma management and staff.
The new investors join Granite Ventures, Ventures West, Yaletown
Venture Partners and GrowthWorks Capital in the round, bringing the total
raised to US$15.75M. "We are very pleased to welcome BDC as an investment
partner," said Andrew Harries, Zeugma Systems President and CEO. "BDC has
an enviable track record in telecommunications investing and we look
forward to tapping into their industry knowledge and resource network."
"BDC is thrilled to be able to support Zeugmas team of passionate
entrepreneurs. We believe that their vision and deep domain expertise will
propel them to become a leader in their market," said Jenny Yang of BDC.
About Zeugma Systems
Zeugma Systems Inc. is a venture-backed company developing
game-changing solutions for next generation broadband networks. The company
has attracted a strong team of industry professionals from companies such
as Sierra Wireless, Redback Networks, PMC-Sierra, Cisco Systems, Nortel
Networks as well as a number of domain relevant startups. The companys
plans remain confidential as it moves towards its first commercial release.
About BDC
BDC Venture Capital is a major venture capital investor in Canada,
active at every stage of the companys development cycle, from seed through
expansion, with a focus on technology-based businesses that have high
growth potential and that are positioned to become dominant players in
their markets. BDC Venture Capital has been involved in venture capital
since 1975 and has to date invested in more than 400 different companies.
It currently manages approximately $500 million in venture capital assets
invested in the areas of Life Sciences, Telecommunications, Information
Technology, Advanced Technologies and Funds Investments. For more
information, visit http://www.bdc.ca
CONTACT: Verna Chaykowski, Zeugma Systems Inc.,
verna@zeugmasystems.com, or (604) 247-3252 or visit, http://www.zeugmasystems.com.
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