Thursday, February 22, 2007

Cisco Nabs Reactivity

"Cisco Systems Inc. has agreed to acquire Reactivity Inc., a Redwood City, Calif.-based XML gateway provider for the enterprise for approximately $135 million in cash and assumed options of Reactivity, and is expected to close by the end of April.

Reactivity raised ~ $50 million in VC funding since 2000, including $24 million in Series A funding at a $52.3 million post-money valuation. Investors include Accel Partners, Austin Ventures, Diamondhead Ventures, JK&B Capital and Maveron"

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