Honors for the biggest deal, $156 million, went to NT Corp., a Pensacola, FL firm that creates voice, data and Internet communications products. CAVU Corp., an Orlando wireless Web access provider, won $55 million in a new financing round. TeraNex Corp., a local developer of digital image-conversion technology, picked up $50 million. Terion Inc. of nearby Melbourne, FL also received $50 million. Terion makes mobiles communications for the trucking industry.

In other Florida sectors, the Tampa-St. Petersburg area took in $122.5 million on five deals; South Florida companies attracted $115.6 million in 12 transactions; and Northeast Florida had four deals valued at $12 million.

Thirty-one firms in the state attracted a total $549 million. Florida was ranked behind California, Massachusetts, Texas, Colorado and New York.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.