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Article: VBrick Systems Fuels Growth With $22 Million Capital Infusion From Morgan Stanley Venture Partners and Menlo Ventures; VBrick Systems Continues Its Growth With Third Round Funding.
- Article from:
- Business Wire
- Article date:
- November 12, 2001
CopyrightCOPYRIGHT 2001 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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Business/Technology Editors
WALLINGFORD, Conn.--(BUSINESS WIRE)--Nov. 12, 2001
VBrick Systems, the leader in low-cost DVD-quality video networking appliances and systems, today announced that it received $22 million in new venture capital in its third institutional investment round of funding. This round is led by Morgan Stanley Venture Partners and also includes funding from Menlo Ventures and participation from prior investors.
"This funding will accelerate our global growth strategy, which includes aggressive product and partnership development as well as increased marketing and sales initiatives. Our investors bring much more than the $22 ...