May 8, 2007
Threat management firm secures $21M
By Matthew L. Brown
Crossbeam Systems Inc., a Boxboro-based computer network security company, has brought in $21 million in new private equity financing.
According to the company, the financing was provided by Boston-based Tudor Investment Corp. and by Crossbeam's existing investors, Charles River Ventures, Commonwealth Capital Venture Partners, Focus Ventures, Intel Capital, Matrix Partners, North Bridge Venture Partners and Tudor Ventures.
The company said it had a strong year in 2006, and Tudor management said the company's products and business strategy "are clearly in line with market demand."
According to the company, the financing was provided by Boston-based Tudor Investment Corp. and by Crossbeam's existing investors, Charles River Ventures, Commonwealth Capital Venture Partners, Focus Ventures, Intel Capital, Matrix Partners, North Bridge Venture Partners and Tudor Ventures.
The company said it had a strong year in 2006, and Tudor management said the company's products and business strategy "are clearly in line with market demand."
WBJ Web Partners
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