Wednesday, March 9, 2005

Netifice Raises $55M

Costa Mesa-based Netifice Communications said yesterday that it has raised $55M and acquired the Managed SSL VPN Business from Aventail. The provider of IP Virtual private Network solutions raised this round of funding from Columbia Capital, Boston Millennia Partners, Dolphin Equity partners, and HIG Capital, along with new investors Fidelity Ventures and Rho Ventures. Netifice provides IP VPN services including SSL, IPsec, and MPLS to corporate customers. Netifice said that it will operate the Aventail business as a separate business unit with the same executive team and staff. Epoch's Costa Mesa operation was the former Epoch Networks, which Netifice acquired in 2002. More information »