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 Tuesday, December 18, 2012 Cisco Acquires BroadHop San Jose-based Cisco said Tuesday that it has acquired BroadHop, a developer of network policy control and services creation tools. Financial terms of the buy were not disclosed. BroadHop was based in Denver, and backed by Peninsula Ventures and Boulder Ventures. Cisco said the acquisition will help add a "critical piece of service creation technology" to its portfolio. posted on Tuesday, December 18, 2012(Full story) Grockit Gains Strategic Funding Round San Francisco-based Grockit, an online site which helps students with test prepration for such tests as the GMAT, SAT, ACT, LSE, and GRE, has raised a strategic funding round, according to the company today. The investment was led by Discovery Communications, and also included Summit Group, Atlas Venture, Benchmark Capital, Integral Capital Partners and GSV Capital Corp. Size of the round was not announced, however, More)(Full story) Blue Coat Buys Crossbeam Systems Sunnyvale-based Blue Coat Systems, the developer of web security tools, is acquiring Crossbeam Systems, a developer of network security tools. Blue Coat announced the buy Monday. Financial terms of the acquisition were not disclosed. Both Blue Coat and Crossbeam are owned by private equity firm Thoma Bravo. Crossbeam Systems was based in Acton, Mass. posted on Tuesday, December 18, 2012(Full story) Nor1 Books $9M In Series B Santa Clara-based Nor1, a developer of pricing and merchandising software used to help upsell hotel and resort amenities, has raised $9M in a Series B funding, the company said today. The funding was led by Concur, the developer of travel and expense management software. Nor1 said the funding will go towards its product and market expansion. As part of the deal, Concur will use Nor1's products to make hotel upsell offers available to its business traveler (More info...) posted on Tuesday, December 18, 2012 (More)(Full story) Exablox Raises $22M For Storage Technology Mountain View-based storage technology developer Exablox announced this morning that it has now raised $22M in two rounds of funding. The firm said the funds came after completing oversubscribed Series A and Series B funding rounds. The funding came from DCM, Norwest Venture Partnres, and US Venture Partners. According to Exablox, the new funding will go towards product development and industry partnerships. Exablox has not detailed exactly what it is (More info...) posted on Tuesday, December 18, 2012 (More)(Full story)
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