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Telica reaps $60 million

Telica raised $60 million in its third round of funding, the telecom equipment maker announced Monday. Highland Capital Partners and Oak Investment Partners co-led the round. Highland has invested in all of Telica's funding rounds while Oak led the company's $50 million second round. Other investors include Prism Venture Partners, Nassau Capital and Bessemer Venture Partners. The Marlborough, Mass.-based company makes switches for optical telecom networks that help direct voice calls and data traffic. The company will use the financing to improve its Plexus 9000 switch as well as grow its production facilities and sales force. Telica's customers include Verizon Communications, Western Pacific Telecom and KMC Telecom.

Telica raised $60 million in its third round of funding, the telecom equipment maker announced Monday. Highland Capital Partners and Oak Investment Partners co-led the round. Highland has invested in all of Telica's funding rounds while Oak led the company's $50 million second round. Other investors include Prism Venture Partners, Nassau Capital and Bessemer Venture Partners.

The Marlborough, Mass.-based company makes switches for optical telecom networks that help direct voice calls and data traffic. The company will use the financing to improve its Plexus 9000 switch as well as grow its production facilities and sales force. Telica's customers include Verizon Communications, Western Pacific Telecom and KMC Telecom.