VC-Backed Bust: Telsima Corp.
Harris Stratex Networks Inc. (Nasdaq: HSTX) has acquired Telsima Corp., a Sunnyvale, Calif.-based provider of WiMax broadband networks. The deal was valued at $12 million in cash, payable over the next 12 months. Telsima had raised around $80 million in VC funding, from firms like NewPath Ventures, New Enterprise Associates, CMEA Ventures and JAFCO Asia.
4 March 2009•4 mins read
