FRANCE - IT security specialist raises EUR 3m from EdRIP
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 3m in Exclsuive Networks, a distributor of IT security systems.
Exclusive Networks generated sales of EUR 14m in 2006. Sales since the beginning of the year indicate the business will reach of turnover of EUR 27m for 2007 (+93% over 2006). The new money will be used to expand into several European countries.
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