Reliance Communications Acquires Yipes For $300M
San Francisco-based Yipes, a provider of managed Ethernet services, was acquired Monday by Mumbai, India-based Reliance Communications Limited. The deal was worth $300M in cash. Yipes was founded in 1999, and provides Metro Ethernet and other Ethernet communications for enterprise customers. Yipes was backed by Norwest Venture Partners, Crosslink Capital, and others.
posted on Tuesday, July 17, 2007
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Reliance Capital
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