Fishers, N.Y.--July 27, 1998--Xynetix Design Systems, Inc. (Fishers) announced that the company has closed $4.2 million in new financing from a group lead by its original investors Fidelity Capital, Zero Stage Capital, and Harris Corp., along with a new investor, North Atlantic Capital Corp.
The funds will be used to accelerate product development and expansion of the company's sales and marketing.
The quarter just completed includes the addition of a number of new, important customers including Lucent Technologies, Dell Computer, Philips Microelectronics and Hitachi.
Xynetix Design Systems, Inc.
Return to Headlines