Mavenir Raises Big Bucks for FMC

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Next-gen mobile convergence app and solution provider Mavenir Systems says it’s raised $17.5 million in Series C funding. The company expects the money to give it a big boost in the FMC market.

"We all feel strongly that Mavenir is well positioned to take advantage of the Fixed Mobile Convergence that is rippling through the communications market," said Mavenir board chairman Ben Scott.

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