Cambridge secures $7.5 Million in new financing

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Cambridge: With full support of existing investors which include Accel Partners, Adara, Amadeus Capital Partners and TVM, Cambridge Broadband Networks, a supplier of intelligent point-to-multipoint (PMP) microwave backhaul solutions, has announced that it has secured $7.5 Million of new financing. Cambridge Broadband Networks' customers include MTN Group, Vodacom and Maxis Telecom. The company has seen a significant increase in demand for its VectaStar products and recently announced moving its production to China in order to meet the growing demand for its products. VectaStar is providing low-risk microwave backhaul solutions that keep pace with rising packet data traffic while reducing expense and complexity. "To secure this investment at this time is a significant endorsement of our Vectastar point-to-multipoint microwave solution and the strength of the Cambridge Broadband Networks team", said Graham Peel, CEO of Cambridge Broadband Networks.