Network management services company Inteq has received a $40 million second round of funding that was led by Merrill Lynch affiliates. Other investors include Mercury Interactive, along with previous investors Charles River Ventures and M/C Venture Partners. With this latest round, Inteq has raised a total of $55 million in venture funding. The Bedford, Mass.-based company plans to use the proceeds to expand its sales staff for its InfraServices, which monitors and manages networks and is designed to prevent outages.
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