Intune Networks, a Dublin-based supplier of telecommunications equipment, has raised $32.5 million in a new round of funding co-led by financier Dermot Desmond and Kernel Capital.
Enterprise Ireland and Invest Northern Ireland participated, as did previous investors Balderton Capital, Amadeus Capital Partners and Spark Capital.
The company said that the funding marked the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.
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