IBM Acquiring Co from Garnett & Helfrich
September 30, 2010- Share:
Garnett & Helfrich Capital has entered into an agreement to sell Blade Network Technologies, a manufacturer of ethernet switches, to IBM (NYSE: IBM). The company was spun out of Nortel Networks by Garnett & Helfrich in 2006 with a $30 million equity investment. The company subsequently raised a strategic Series B round in late 2009 that valued the company at $230 million.
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