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Red-M Group extends funding round to GBP5.4m; Additional GBP0.75m of development capital to expand wireless experts' product range and sales and marketing activities.

Publication: M2 Presswire
Publication Date: 31-JAN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2006-Red-M: Red-M Group extends funding round to GBP5.4m; Additional GBP0.75m of development capital to expand wireless experts' product range and sales and marketing activities(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31012006

Red-M Group, a leading provider of services and products for managing wireless infrastructure, today announced the company has secured a further GBP0.75m ($1.4m) investment from Close Venture Management. This latest funding successfully completes a private equity investment round of GBP5.4m ($9.7m) led by Pi Capital. Other investors included Octopus Asset Management and existing investors, Funds managed by Apax Partners, and Interregnum plc.

Dave Richmond, Chief Executive Officer, Red-M Group said "The rapid increase in...

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