Tuesday, July 29, 2008

Crescendo Raises $9.5 Million for Web Application Acceleration

Crescendo Networks, a start-up based in Israel, secured $9.5 million in third round funding for its web application acceleration solutions. Crescendo Networks features a multi-tier application architecture that improves the operation of existing application infrastructure. The company was founded in 2002.

The Challenge Fund -- Etgar II L.P. participated in the current financing and joined current investors, Evergreen Venture Partners, Apax Partners, Magma Venture Partners, StageOne Ventures and Convergent Capital. The company has now raised $36.2 million to date.http://www.crescendonetworks.com