January 14, 2002
Synchron Networks Raises $10 Million Funding
Second-round financing strengthens company to deliver its
innovative software deployment platform
Scotts Valley, California - Synchron Networks
Inc., a pioneer in secure software deployment announced today that
it has raised $10 million of second-round funding in a financial
transaction co-led by returning Series A lead investor, 3i and a
new investor, Onset Ventures.
3i is the world's largest venture capital company
and Onset Ventures is a leading investor in communications and software
technology companies. Total funding for the company is $18 million.
Darlene Mann, Onset Ventures General Partner, has joined the company's
board of directors.
"We are very pleased to secure this round
of financing in a very challenging economic environment. Our customers
and investors are well positioned to realize significant value from
their growing confidence in Synchron and our software deployment
technology." said Rob Faw, Chairman for Synchron Networks.
About Synchron Networks: Synchron is an innovator
of secure software deployment of applications, content and data
for every network. Its infrastructure platform easily integrates
management applications and reliably deploys software to an unlimited
number of network devices.
Synchron Networks Inc