UK - DFJ Esprit and BOSGE provide PacketExchange with $12m series-B funding
Existing investors DFJ Esprit and Bank of Scotland Growth Equity have invested $12m in PacketExchange as part of a series-B funding round for the wide-area internet exchange service company. In conjunction with the funding, PacketExchange also announced the appointment of Rick Mace to CEO to lead the company in its next phase of growth. PacketExchange, which includes Microsoft among its customers, will use the funds to expand its current network operations and global reach, while continuing to grow its market share.
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