Radware Buys Covelight

Radware (Nasdaq: RDWR) has acquired Covelight Systems Inc., a Cary, N.C.-based provider of Web-channel data to backend analytic engines for a variety of enterprise uses. The deal was valued at $16 million in cash. Covelight had raised over $6 million in VC funding since 2002, from firms like aurora Funds, Intersouth Partners and NextPoint Partners. www.radware.com www.covelight.com