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Rand invests $1.5 million in Maine technology company

Rand Capital Corp. has invested another $1.5 million in a Maine information technology company, Tilson Technology Management.

The Buffalo venture capital firm, which had invested in Tilson during two previous rounds of fundraising, now has invested a total of $2.5 million in the technology company, which does work in network deployment for cellular carriers and provides consulting services.

Tilson, which is based in Portland, Maine, has about 400 employees and has added 150 people to its work force during the past year.

 

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