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Article: Calix Announces $100 Million in New Financing.
- Article from:
- Business Wire
- Article date:
- August 31, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Names Three Industry Veterans as New Board Members to Help Guide Company Growth
PETALUMA, Calif. -- Calix, the largest communications equipment supplier focused solely on access solutions for broadband service delivery, today announced that it has raised $100 million in financing and added three new members to its board of directors. This financing consists of $50 million in equity raised from existing Calix investors and $50 million in debt financing established with Silicon Valley Bank. Calix will use the funds to invest in additional resources necessary to prepare for the company's continued growth and expansion as well as to capitalize on the growth ...