Majitek and Cisco complete $7.5m equity funding

10 February 2009

Australia's Majitek said today that it has completed a $7.5m round of equity funding welcoming Cisco Systems to its share register. Also participating in the round is Majitek's current investor, Pierce & Pierce. The funds will also be used to expand Majitek's international operations, including opening a permanent office in Dubai, UAE to work more closely with its real estate industry customers and partners in the Middle East.

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