Wednesday, October 11, 2006

Intelliden Gets $5M In Debt Financing

Colorado Springs-based Intelliden has received $5M in debt financing, according to Hercules Technology Growth Capital. Hercules said that it provided the debt to Intelliden. Intelliden is backed by 3i Group, Granite Global Ventures, Matrix Partners and Westbury Partners, and provides software used for network automation at communications services providers. Intelliden said the funding would be used to expand its sales and marketing teams.