Telecoms equipment supplier Intune Networks has announced it has secured €22 million in its most recent funding round.
In a statement today, the Dublin-based company said financier Dermot Desmond and Venture capital firm Kernel Capital led the investment, with additional funding from existing investors Balderton Capital, Amadeus Capital, Spark Capital, as well as long term private investors.
Enterprise Ireland and Invest Northern Ireland also contributed financing to support Intune’s growth in Dublin and Belfast.
The funding round is the largest private equity investment in the global telecoms optical equipment sector in 2009, the company said.
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