Nakina received US$10 million in financing

Nakina Systems Inc, Ottawa, has secured US$10 million in series B financing to accelerate product development and marketing and sales of its multi-vendor security systems for large telecom and data network vendors. The financing was led by VIMAC Ventures, Boston, with participation by EDC Equity, VenGrowth Capital Partners and MMV Financial Inc. VenGrowth provided the firm’s series A financing in early 2003. Nakina has recently completed sales to the US telecom service provider market and has trials in progress with several other large North America network operators....