Vstream Secures $100 Million in Financing
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In addition, Vstream has added new strategic investors in this round, including Excite@Home, GE Equity, Nexus Group, Matsushita Electric Industrial Co. Ltd. (Panasonic), Pequot Capital and Viventures Capital.
Vstream will use the funds to execute the company's strategy to define its position as the leading communication services provider. Using the Internet as a vehicle and the end-user experience as its focus, Vstream improves and strengthens the way business users exchange voice, video and data.
Included are building out the company's infrastructure to meet demand in the U.S. and Western Europe, developing and expanding its service offerings and continuing to build the Vstream brand in the market.