US-based electronic equipment company Tektronix Communications has agreed to acquire venture-backed Arbor Networks for an undisclosed sum.
Arbor Networks was started in 1998 out of research by the University of Michigan and was first funded by networks company Cisco, the US Department of Defense, and chip maker Intel, according to news provider VentureWire.
It subsequently bought Ellacoya Networks and raised more than $30m, including from other strategic investors Comcast Interactive Capital, the corporate venturing division of media group Comcast, and Summerhill Venture Partners, an independent venture capital firm spun out of Canada phone operator BCE, and VCs.