VC-Backed Bust: Aperto Networks

Tranzeo Wireless Technologies (TSX: TZT) has agreed to acquire Aperto Networks Inc., a Milpitas, Calif.-based provider of WiMAX base stations and subscriber units. The deal is valued at just $5 million in Treanzeo shares, plus possible earnouts. Aperto Networks has raised around $160 million in total VC funding since 1998, from firms that include Quicksilver Ventures, Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures and Labrador Ventures.

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