ECI Telecom to Buy Laurel Networks $88m cash

"Pittsburgh-based Laurel is a private company with about 150 employees and $9 million in cash. The company started selling its edge routers in 2002 and, according to ECI, nearly doubled sales every year since. Sales for the 12 months ended April 30 totaled $18 million."

[Reuters]

Laurel raised over $90M since 2/00 from NEA, Triniity, Worldview, CommVest and others. Laurel competes directly with Cisco and Juniper.