Networking firm Vyyo Raises $25 Million in Financing
Posted March 21, 2006 12:15 p.m. EST
ATLANTA, GA. — Vyyo
, a provider of broadband equipment for cable and wireless networks, has secured $25 million in financing from Goldman, Sachs & Co.
The funds are in the forms of equity and debt.
Vyyo (Nasdaq: VYYO) said the funds would be used to accelerate the rollout of technology designed to enable utility companies to offer wireless Internet access.
Vyyo technology also helps cable companies upgrade existing networks without having to lay new fiber and to offer high-speed bandwidth to small and medium-sized businesses.