Actona Technologies

Company Overview

Snapshot

Founded in March 2000 by Ilan Kessler and Israel Cidon, Actona Technologies operated with 1–10 employees. The company raised a total of $31 million across 5 funding rounds from 7 investors before being acquired by Cisco Systems in June 2004.

Business overview

Actona Technologies specialized in developing end-to-end solutions designed to enhance the online exchange of critical business content between enterprises and their partners. The company's core technology focused on improving the performance and quality of collaborative commerce applications, serving the enterprise market within the Business Software sector, specifically in IT, R&D & Data Solutions, and Project Management & Collaboration.

Strategic signal

Actona Technologies was acquired by Cisco Systems in June 2004 for $82 million. This acquisition by a major multinational technology conglomerate like Cisco Systems signaled a strong validation of Actona's collaborative commerce solutions and its underlying technology, indicating a strategic move by Cisco to integrate advanced content exchange capabilities into its offerings.

Company Intelligence Q&A

When was Actona Technologies founded?

Actona Technologies was founded in March 2000.

Who were the founders of Actona Technologies?

Actona Technologies was founded by Ilan Kessler and Israel Cidon.

What was a significant financial event for Actona Technologies?

Actona Technologies was acquired by Cisco Systems in June 2004 for $82 million, as reported by Network Computing.

How much capital did Actona Technologies raise in total?

Actona Technologies raised a total of $31 million across 5 funding rounds before its acquisition.

Which investors participated in Actona Technologies' funding rounds?

Actona Technologies received funding from investors including Mayfield Fund.