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.