LVL7 Systems Raises $15.8 Million for IP Source Code

LVL7 Systems, a start-up based in Morrisville, North Carolina, secured $15.8 million in second round funding. The company develops merchant IP software for Layer 2, 3 and 4 enterprise, access, wireless and metro Ethernet products. The funding was led by Carlyle Venture Partners and included previous investors Gabriel Ventures Partners, H.I.G. Ventures and Research Triangle Ventures.
http://www.LVL7.com