Management at an Aberdeen-based telecom company is to expand its operations internationally after securing some £15 million from a syndicate of investors.
Networking specialist Ipanema Technologies has raised $7 million (£3.8 million) to expand its geographical coverage and grow its research and development (R&D) team.
A private equity and venture capital provider has bought a 13% stake in a Finnish telecoms company. 3i paid €140 million (£94.7 million) for the shareholding in Finnet, which will now trade as DNA.
Mobile internet network operator Truphone has secured £12.5 million in the largest initial round of venture capital funding in the European technology sector in 2006.
