from the September 2007 issue

Cisco invests in Israeli start-up OpTier

Networking equipment giant Cisco (Nasdaq: CSCO) announced that it had made a strategic investment in Israeli start-up company OpTier and that it would collaborate with the Israeli data network management company. The amount of the investment was not disclosed. The investment is in addition to OpTier's recent $15 million third round of funding from Gemini Israel Funds, Pitango Venture Capital, Carmel Ventures and Lightspeed Venture Partners. Since it was founded in 2002, OpTier has raised some $40 million from these funds. OpTier, which was founded by a group of former Memco employees, provides software solutions for efficient management of enterprise information systems. Its flagship product is CoreFirst, which dynamically links business services to IT infrastructure, assuring service delivery and optimizing IT resources. The company's customers include some of the world's largest financial institutions and industrial and retail companies.

Reprinted from the Israel High-Tech & Investment Report September 2007

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