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Bessemer leads $25M investment into file sharing provider CTERA


While cloud lockers such as Box and Dropbox can make it much easier to manage business data, many organizations still prefer to handle employees’ file sharing activates on their own. As a result, they’re recruiting the help of providers like CTERA Networks Inc., which today raised $25 million from Bessemer Venture Partners, Cisco Systems Inc. and Vintage Investment Partners to seize upon on the demand.

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