June 13, 2007
Acton co. gets $8M for new technology
By Matthew L. Brown
Acton-based mobile communications company Tatara Systems has raised $8 million in venture capital in order to increase its presence in an emerging market.
According to the company, the money would be used "to fuel the company's growth in the rapidly emerging femtocell market."
Femtocells are a new technology said to improve in-home mobile phone and internet coverage, and could be a way for mobile operators to expand network coverage and capacity.
Tatara got the $8 million from Highland Capital Partners and North Bridge Venture Partners, two firms with experience investing in communications equipment, network infrastructure and software.
According to the company, the money would be used "to fuel the company's growth in the rapidly emerging femtocell market."
Femtocells are a new technology said to improve in-home mobile phone and internet coverage, and could be a way for mobile operators to expand network coverage and capacity.
Tatara got the $8 million from Highland Capital Partners and North Bridge Venture Partners, two firms with experience investing in communications equipment, network infrastructure and software.
WBJ Web Partners
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