US based Cenx Inc, a company that specifies in carrier ethernet interconnect systems and services, have reported that Ericsson, a provider of telecommunications equipment and data communication systems, have joined in a round of funding, previously announced by Cenx in June. $9.5m was originally raised by the company, led by strategic venture vapital arm of US phone operator Verizon, Verizon Investments
Mesirow Financial Private Equity also participated in the funding and were joined by previous investors DCM and Highland Capital Partners. DMC and Highland led a round of undisclosed funding for Cenx in 2009. Wasatch and Cross Creek have also invested.
Co-founder and President of CENX said of the deal: “Ericsson and CENX have been working together extensively in the U.S., and we are pleased with their strategic investment,” said Nan Chen, Co-Founder & President of CENX. “This investment accelerates our existing joint efforts and opens the door to rapid global expansion together; we are excited about these new opportunities.”
As of 2012, Ericsson is the world’s largest telecommunications equipment maker.