Organization: VenGrowth

BelAir Networks acquired by Ericsson

BelAir Networks Inc is being acquired by Stockholm Sweden-based Ericsson for an estimated price of more than $100 million. The privately held BelAir is a developer and marketer of carrier-grade WiFi network equipment with a staff of more than 120. Since its inception in 2001, it has raised approximately $70 million from several venture capital…

BTI raises $23 million in venture financing

BTI Systems has raised US$23 million in capital from a consortium of venture capital investors to further develop its technology for streaming video on existing networks. The financing marks the second time in six months that the Ottawa-based company has raised new capital, following an $11-million round last year. With 220 employees, 14-year-old BTI has…

Meriton Networks scores US$54 million in VC financing

Ottawa-based Meriton Networks has secured US$54 million in series ‘C’ venture capital financing, the largest single VC deal so far this year in Canada. Meriton secured the financing from a VC syndicate led by VantagePoint Venture Partners, San Bruno CA and New York and Nomura International, Hong Kong. The syndicate includes seven Canadian VC firms…