Aeroscout, a US-based real-time location technology developer backed by US-based semiconductor company Intel and US-based technology company Cisco, was sold to Stanley Healthcare Solutions, a division of Stanley Black & Decker on June 5.
Terms were undisclosed, but news provider Haaretz said it had been sold for around $240m.
Venture capital firm Evergreen Venture Partners led a $16m round for the company in 2010, with the corporates and venture firms Greylock Partners, Menlo Ventures, Pitango Venture Capital and Star Ventures investing in the round.
AeroScout raised $21m in its series C round in March 2007 and an undisclosed amount from Cisco in 2005, while news provider VentureWire said it had raised $19m before 2005.
Other investors listed on Aeroscout’s website include venture firm Evergreen Venture Partners. Aeroscout’s technology allows wi-fi tagging.
The company was co-founded by chief executive Yuval Bar-Gil in 1999, under the name Bluesoft.