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Critical Path saved by $30M investment

Published on .

San Francisco--Beleaguered e-mail software developer and marketer Critical Path Inc. has received a $30 million cash infusion, saving it from an uncertain future. Investment firms General Atlantic Partners L.L.C., New York, and Cheung Kong Ltd. and Hutchison Whampoa Ltd., both of Hong Kong, are leading the investment. "This investment significantly strengthens our balance sheet and substantially supports our next stages of business growth and expansion," said David Hayden, chairman, in a statement.
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