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Narus, Inc.
American Capital Invests $12.5 Million in Narus
Bethesda, MD – November 2, 2006 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested $12.5 million in convertible preferred equity issued by Narus Inc., a provider of the only carrier-class, real-time Internet Protocol (IP) traffic analysis system essential to manage, secure and deliver services over IP. Existing Narus investors J.P. Morgan Partners, NeoCarta Ventures Inc., Walden International and Mayfield Fund also participated in the American Capital-led financing, which totaled $20 million. Greg Smitherman, American Capital Managing Director, will be joining Narus’ Board of Directors. [more...]
