Legra's Quids In
Duchossois TECnology Partners led the Series B round, with all the firm's previous investors chipping in as well (see Legra's Leg Up?). Legra has now raised $20.5 million in total.
Legra CEO Dave Tolwinski says the money will be used to increase the firm's sales and marketing muscle, which is crucial if the vendor is to get a foothold in the increasingly crowded switch market. And in an effort to boost its market presence further, Tolwinski says Legra will soon announce a channel partner program.
Legra plans to launch the first major revisions to its security-focused products in the first quarter of 2004, adds the CEO (see Legra's Crypto Coming Out).
— Dan Jones, Senior Editor, Unstrung