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Short Take: CoreExpress closes round of funding

CoreExpress, a corporate data delivery service provider, today closed a round of funding, raising financing and loans from venture capitalists, investment banks and communications equipment maker Nortel Networks. The financing includes stakes by Benchmark Capital, Morgan Stanley Dean Witter and Nortel, in addition to a loan facility from Cisco Capital, one of the router manufacturer's investment arms. Cisco frequently offers loans for companies to buy its expensive Internet gear.

CoreExpress, a corporate data delivery service provider, today closed a round of funding, raising financing and loans from venture capitalists, investment banks and communications equipment maker Nortel Networks. The financing includes stakes by Benchmark Capital, Morgan Stanley Dean Witter and Nortel, in addition to a loan facility from Cisco Capital, one of the router manufacturer's investment arms. Cisco frequently offers loans for companies to buy its expensive Internet gear.