"Expanding its foothold in the network equipment market, Cisco Systems (Nasdaq: CSCO - news) has announced the acquisition of FineGround Networks, a maker of network technology. The US$70 million deal will give Cisco access to FineGround's equipment, which is geared toward improving end-user response time, reducing application bandwidth usage and reducing server load."
[Yahoo! News]
FineGround was founded in 2000 backed by NEA (led their first round) and Worldview (led their second round). Last round raised was in March 2001 at a $66M post. $21.3M total invested into the company. FineGround competes with f5, Netscaler and others.
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