E-mail marketing and delivery provider Media Synergy has changed its name to FloNetwork and secured $15 million in venture capital financing.
The company, based in Greenwich, CT and Toronto, will receive the financing from Sycamore Ventures, a New Jersey venture capital firm, with participation from the Ontario Teachers Pension Fund, one of the largest pension funds in Canada. FloNetwork is the third investment in the e-mail services space by Sycamore, which previously invested in Mail.com and Juno Online Services.
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