F5 Networks, a Nasdaq-listed provider of application delivery networking, has agreed to acquire Traffix Systems, an Israel-based maker of signaling products for telecommunications service providers indirectly backed by local phone operator PTT-Bezeq.
News provider Globes said Traffix raised $12m in venture capital and was sold for $140m in cash.
StageOne Ventures, a $50m venture capital fund in which Bezeq is the cornerstone investor, incubated Traffik and was its largest shareholder with a reported 30% to 35% stake, accoridng to Globes.
Traffik’s last round, in November, raised $7m, led by venture capital firm Bessemer Venture Partners, which originated in the early 20th century to manage the eponymous steel magnate’s wealth.
StageOne‘s disclosed portfolio has just Oversi, Cvidya Networks and FiberZone left.