Friday, March 23, 2007

Reef Point Raises $25 Million in Funding - Burlington, MA

Reef Point Systems, a Burlington-based provider of mobile communication network technology, has raised $25 million in its second round of venture capital, led by One Equity Partners, the private equity investment arm of JPMorgan Chase. Other investors in the deal include American Capital Strategies and Jerusalem Venture Partners. Reef Point's makes "fixed-mobile convergence" (FMC) gateway appliances that are designed to give service providers flexibility in building new services for their mobile customers.


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