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Broadbus Relocates HQ to 150,000-SF Building

BOXBOROUGH, MA-Broadbus Technologies, Inc., which develops video-on-demand server systems for the cable television industry, raises over $12 million in financing with the help of two area investment firms and relocates its headquarters from Chicago to 80 Central St.

By Naomi Grossman | Updated on October 08, 2002

BOXBOROUGH, MA-Broadbus Technologies, Inc. is relocating its headquarters from Chicago to 80 Central St. The company, which develops video-on-demand server systems for the cable television industry, recently raised over $12 million in financing.

A company representative tells GlobeSt.com that Broadbus is subleasing its headquarters here from Nortel Networks. Further details regarding the deal were not available. The company plans to move into its new location next week.

The investment round was led by Battery Ventures, of Wellesley, MA and Charles River Ventures, which is based in Boston. Comcast Interactive Capital, Wolf Ventures and several other private investors also participated. Santo Politi, general partner with Charles River Ventures and Todd Dagres, general partner with Battery Ventures will join the company’s board of directors.

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