Redline Communications to buy VC-backed PureWave Networks
Redline Communications Group Inc (TSX: RDL) has agreed to purchase the assets of PureWave Networks Inc, a wireless technology company located in Santa Clara, California, for $2 million. The Toronto-based Redline said the deal will allow it to accelerate the expansion of its suite of high performance rugged network solutions to include new capabilities. Founded in 2003, PureWave has been venture-backed since 2007. Its U.S. investors have included Allegis Capital, ATA Ventures, Benhamou Global Ventures, Leapfrog Ventures and Webb Investment Network. Redline was also venture-backed prior to going public in 2007.
10 September 2014•4 mins read
