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Inteq lands $40 million in funding

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. See complete list.

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.

See complete list.