25 JAN 2017
Tyntec, a cloud mobile communications provider, has received a midrange double-digit investment from Cipio Partners in a management buyout, a source close to the company said.
Cipio bought out previous investors, US-based HarbourVest Partners and French venture capital Iris Capital, which had held stakes in the company since 2008 and 2011, respectively, the source said.
Harvard Management Company also backed the second phase of the management buyout, the source added.
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