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Short Take: Sprout Group leads investment in Ennovate Networks

Donaldson, Lufkin & Jenrette has announced that the Sprout Group, its venture capital affiliate, led a $12 million second-round investment in Ennovate Networks, a pioneer in developing carrier-class Internet Protocol (IP) edge access products for the telecom and ISP markets. In addition to Sprout, the investor group included Marquette Venture Partners and Toshiba.