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Ercom raises $16.64 million in venture funding

[May 06, 2009]

Ercom raises $16.64 million in venture funding

May 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Ercom, a provider of telecom network security and testing solutions, has secured EUR12.5 million in new venture funding from investors comprising Alven Capital, OTC Asset Management, A Plus Finance, and Capzanine. All the parties are based in France.

Clipperton Finance acted as advisor to Ercom on the transaction.

Deal Value (US$ Million) 16.64 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-05-05 Deal Participants Target (Company) Ercom

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