Apposite Gets Private Equity Investment

Los Angeles-based Apposite Technologies, a developer of enterprise network simulation software and test tools, has raised a round of growth investment from private equity investor Ranch Creek Partners. Size and terms of the funding were not announced by the companies. As part of the funding, Steve Fazio has been named as CEO of the company. Apposite develops WAN emulation appliances. Ranch Creek typically takes controlling positions in the companies it invests in.