Congratulations to PhD student John Giacomoni and Assistant Professor Manish Vachharajani! The company they founded, LineRate Systems, has been sold to F5 Systems. Over the last few years, they raised $5 million in capital and grew to 20 employees. F5 is an $8 billion networking company.
There's a great article in the Daily Camera about this, and here's a release from F5 about the acquisition.