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Optical/IP

NetVMG Scores $57 Million

SAN JOSE, Calif. -- NetVMG, Inc., the leading intelligent IP traffic management (IPTM) services company, today announced it has secured $57 million in private funding over the last year from some of the technology industry's most prominent investors. The announcement marks the completion of NetVMG's latest round of financing, led by Palo-Alto-based Accel Partners, a leading venture capital firm, and Duff Ackerman & Goodrich LLC, a growth equity investment firm in San Francisco. These partners join Comdisco Ventures and Bank of America as principal investors in the company, with Cisco Systems Capital providing additional asset financing.

"We are delighted to continue our financial partnership with NetVMG," said Peter Wagner, general partner, Accel Partners. "This investment demonstrates our continued confidence that NetVMG's innovative technology and sustainable business strategy is well-positioned for accelerated growth and market leadership."

http://www.netvmg.com
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