Airwide Raises $25 Million in Fourth Round - Burlington, MA

Airwide Solutions, a provider of software for wireless communication networks, has raised $24 million in its fourth round of venture capital, led by Advent International. Other investors in the deal include Artiman Ventures, Axiom Venture Partners, Key Venture Partners, and Kodiak Venture Partners. Originally founded in 2000 in Burlington as Taral Networks, the company was acquired in 2004 by France-based Schlumberger Messaging Solutions and renamed as Airwide. The company also relocated its corporate headquarters to London. Airwide still maintains operations in Burlington.

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