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Taqua takes in $20 million

Taqua announced Tuesday it raised more than $20 million in a fifth round of funding, lead by RRE Ventures. Investcorp, Point Judith Capital Partners and previous investors Bessemer Venture Partners, Columbia Capital and Court Square Ventures also contributed to the round. Richardson, Texas-based Taqua has raised a total of more than $140 million. The telecommunications company develops Class 5 switching platforms for local exchange carriers and competitive local exchange carriers.