Milestone Systems: venture capital for IP video manufacturer. Milestone Systems announced $27 million in growth stage funding from the venture capital firm Index Ventures.

This is the first ever external investment into Milestone, after nearly a decade in business, and marks the latest investment from Index Ventures 400 million growth fund, which closed in January 2007.

Milestone Systems has sales offices in nine countries with plans to open additional locations to support a number of significant partnerships.

Milestone will also use the funding to continue development of its technology platform and spearhead new business initiatives.

news@milestonesys.com

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