Ideaglobal.Com Gains $25 Million To Expand Services

VENDOR STRATEGIES

NEW YORK--Ideaglobal.com has secured $25 million (£15.8 million) in funding from Summit Partners, which the company says is a minority investment. This funding may assist the relatively small commentary firm to diversify from its original strength in the now shrinking foreign exchange markets.

Officials at the privately-held company decline to comment on its current valuation.

The $25 million will assist Ideaglobal.com's plans to expand into other market segments and product lines. As with its

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