Technetix has raised £7.5million in strategic funding from Liberty Global Ventures, the global investment fund owned by Liberty Global (NASDAQ:LBTYA). Technetix supplies headend and access transmission systems for fiber and HFC networks, primarily in Europe. The investment is intended to support growth and market expansion, as well as accelerated development of new technology platforms.
Colin Buechner, MD Access Network of Liberty Global, said: "Liberty Global Ventures invests in companies which provide high strategic value to our markets. Technetix is a key partner to Liberty Global, delivering unique expertise and technology know-how. We look forward to partnering even closer with Technetix as a result of this investment."