Expand Secures $21 Million

Expand Networks Inc., a Roseland, N.J.-based provider of application acceleration solutions over the WAN, has raised $21 million. Vertex Technology Fund led the deal, and was joined by return backers Discount Investments Corp, Tamir Fishman Ventures and the Challenge Fund. Return backers not participating in this round include Time Warner, Comcast Interactive Capital, Federated Kaufman Fund, RBC Capital Markets and Robeco Investment Management. Expand has now raised around $70 million in total VC funding since its 1998 inception. www.expand.com