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KoolSpan raises $5 million in funding
[November 08, 2011]

KoolSpan raises $5 million in funding

Nov 08, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- KoolSpan, Inc., a US-based provider of security solutions that bridge networks, users, and devices for encrypted network layer access to any business application, has secured $5 million in funding round led by TWJ Capital and Security Growth Partners.

Deal Value (US$ Million) 5 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2011-11-07 Deal Participants Target (Company) KoolSpan, Inc.

Deal Rationale KoolSpan intends to use the funding to expand its product offerings while investing in global sales, marketing, and operations.

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