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Article: Transmode Systems AB Completes USD$10 Million Financing Round.
- Article from:
- PR Newswire
- Article date:
- October 14, 2003
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STOCKHOLM, Sweden, Oct. 14 /PRNewswire/ -- Transmode Systems AB, a leading supplier of transmission equipment for fibre optic networks, announced today that it has closed an additional USD 10 million round of funding, led by Pod Holding. Existing investors, Amadeus Capital Partners and European Equity Partners (EEP), also participated in the round.
The financing round was completed on October 8, 2003 with a major share carried by Pod Holding, bringing the total funds collected to USD 28 million since 2000. Pod Holding was attracted to Transmode based on the Company's strong business concept, its management and by its track record.
Transmode has grown ...