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$8.5 Million

EGT Raises $8.5 Million in Third Round of Venture Capital

Authored by Mark Hefflinger on February 27, 2006 - 10:36am.
Atlanta - EGT Inc., a provider of digital video equipment, has raised $8.5 million in its third round of venture capital, with participation from Noro-Moseley Partners, H.I.G. Capital, Sevin Rosen Funds and others. Founded in 2000, EGT offers equipment that allows cable, telco and satellite network operators the ability to deliver more television channels over their existing networks. The company said that it has experienced rapid growth through product deployments at some the largest operators in North America and around the world. The new financing will support operational growth and international expansion and will speed new product delivery for Internet protocol television, the company said.
tags: Raise | EGT | Venture Capital | Third Round of Venture Capital | $8.5 Million |