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mFormation Technologies gets new funds

BANGALORE: mFormation Technologies Inc., the market leader of mobile device management solutions, announced the close of a $15.3 million financing to extend the Series D round to $24.5 million. This brings the total investment in the company to about $50 million. Existing investors Alex Brown Venture Partners, Battery Ventures, Carmel Ventures, Intel Capital and North Bridge Venture Partners participated in the financing, says a company release.

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