Zebra to Buy WhereNet

Zebra Technologies Corp. (Nasdaq: ZBRA has agreed to acquire WhereNet Corp., a Santa Clara, Calif.-based provider of active RFID-based wireless solutions to track and manage enterprise assets. The deal is valued at $126 million in cash. WhereNet has raised around $82 million in total VC funding since its 1997 inception, including a $10 million Series F infusion in 2003 at a post-money valuation of approximately $76 million. Backers include Bay Partners, Crescendo Ventures, Crosspoint Venture Partners, Foundation Capital and Invesco. www.zebra.com www.wherenet.com