Wednesday, March 28, 2012

DFJ Frontier Gets Exit At ClearAccess

Los Angeles- and Santa Barbara-based DFJ Frontier, the venture capital firm founded by David Cremin and Scott Lenet, has scored an exit at one of its portfolio firms, ClearAccess. According to networking giant Cisco, it has acquired ClearAccess to bolster its network management capabilities for the service provider market. Financial details of the buy were not disclosed. ClearAccess was based in Vancouver, Washington, and was managed by DFJ Frontier's Jim Schraith. Other investors in ClearAccess were Blade Ventures and Montlake Capital (formerly Buerk Dale Victor).