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ADC Buys into ip.access

ADC (Nasdaq: ADCT) has acquired a minority interest in ip.access Ltd., a Cambridge, UK-based manufacturer of picocell and femtocell infrastructure solutions for GSM, GPRS, EDGE and 3G. No financial terms were disclosed. Ip.access has raised around $25 million in VC funding from Scottish Equity Partners, Intel Capital, Rothschild Gestion and Amadeus Capital Partners. It's unclear if the deal bought out any existing shareholders.