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Zeus Technology

Zeus Technology, the Cambridge-based cloud computing firm, is to be acquired by Riverbed Technology of the US for £86m.

Zeus Technology has raised £3.5m in a fourth funding round, in order to develop new distribution channels for its internet software.

Zeus Technology has raised a further £5m to fund the expansion of its software business by creating new sales and marketing teams in overseas markets.

Zeus Technology, the Cambridge-based internet software company, is planning a flotation later this year with an expected valuation of at least £100m, and about 100 new jobs will be created.