Cisco Snares Greenfield

Cisco Systems (Nasdaq: CSCO) has agreed to acquire Greenfield Networks Inc., a Sunnyvale, Calif.-based provider of Ethernet silicon technology solutions for enterprise and metro markets. No financial terms were disclosed. Greenfield has raised around $46.6 million over three rounds of VC funding, including a $13.1 million Series B deal in 2003 at a $33.3 million post-money valuation. Backers include Global Catalyst Partners, Sequoia Capital, JPMorgan Partners and Walden International.