Federated finds new funding as investors challenge its chairman
Activist investors got the knives out when the private networks startup, now valued at $288M, didn't haul in as much revenue last year as its chairman's investment company promised.
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Activist investors got the knives out when the private networks startup, now valued at $288M, didn't haul in as much revenue last year as its chairman's investment company promised.
Federated Wireless said it raised $58 million in a new round of funding, with Cerberus Capital Management leading the effort.
Funds from investors Cerberus, GIC, and Allied Minds will accelerate the company’s growth in enterprise markets...
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