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Acton networking company Tatara Systems Inc. has taken in $7 million in its latest round of venture financing, the company said. Leading the new round was North Bridge Venture Partners, with participation from Highland Capital Partners, both previous backers of Tatara.
Including a $4 million debt round closed in December 2009, Tatara has raised approximately $47 million since it was founded in 2001. The company makes network server technology that integrates femtocells – the small home or business base stations that expand cellular coverage in difficult coverage environments – into existing broadband service providers’ systems.
In November of 2008, Tatara sold off assets relating to its mobile broadband product line to Smith Micro Software Inc., a California software developer for the wireless market. Under the undisclosed cash deal, Smith Micro got some patents, intellectual property and technology associated with broadband connection; mobile gateway software; connection management software; and Tatara’s Vancouver, Canada-based facilities and engineering staff.
Tatara started life focused on security technologies for mobile broadband and wireless local area networks. In 2007, it changed its focus onto the femtocell space.
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