[Posted on July 23, 2008 - 12:14 PM]
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DiggCisco Systems Inc. [CSCO] unveiled a $120 million deal Wednesday for Pure Networks Inc. to add the venture-backed target's home networking software to its Linksys business.
The deal amounts to a decent exit for Pure's investors. The company has raised a total of $22.5 million in venture backing, tapping Ignition Partners, Intel Capital, Bessemer Venture Partners and Mayfield Fund. The startup now partners with Cisco on the Linksys Easy Link Advisor, an application that supports management and repair of a the company's home networking technology.
Cisco has been a busy investor this year. The company in June unveiled plans to acquire DiviTech A/S, a Danish maker of video delivery technology, to expand its reach in Internet-protocol-television-related technologies. Terms were not disclosed. In April Cisco said it would acquire the 20% stake it did not already own in data center networking business Nuova Systems Inc. for between $10 million and $678 million, based on sales. -- Carolyn Murphy
See July 23 story on Cisco's purchase of Pure Networks from TheDeal.com
See July 23 press release from Cisco
See July 23 post from John Cook's Venture Blog
See July 23 post from Between the Lines
