BroadWare's financing fuels its move into new markets

"BroadWare Technologies, a provider of distributed video surveillance, secured a new round of funding led by venture capital investor Kinetic Ventures in mid-June.

The round, valued at $7.2 million, includes new funding from corporate investor Cisco Systems, as well as additional investments from venture capital firms Dali Hook Partners, McKenna Ventures and Sigma Partners. The financing allows the company 'to expand more aggressively into new markets,' according Bill Stuntz, chief executive officer of BroadWare, and fuels new product development for that initiative."

[SecuritySystems.com]