InnerWireless Merges with PanGo

InnerWireless Inc. of Richardson, Texas and PanGo Networks Inc. of Framingham, Mass. have merged, in order to create a single provider of broadband coverage and real-time location systems. No financial terms were disclosed. InnerWireless has raised around $62 million in VC funding since 1998, from firms like Sevin Rosen Funds, Centennial Ventures, HO2 Partners, Johnson Controls Inc., Massey Burch Capital, Rho Ventures, StarTech Early Ventures and Technology Associates Management. PanGo has raised nearly $15 million since 2003, from firms like IDG Ventures Boston, Columbia Capital and Investcorp.