Cisco invests in home entertainment wireless company Avega

“Cisco Systems is expanding its home networking efforts by participating in a US$7 million round of funding in Avega Systems, a maker of wireless home technology, the companies said Tuesday. Cisco joined two venture capital firms, Jafco Investment and Technology Venture Partners, in the start-up’s second round of funding, but it did not disclose its share in the investment. Avega, with employees in the United States and Australia, specializes in technology that can wirelessly connect home entertainment gear such as media center PCs, portable media players, cell phones, stereo equipment, networked storage and set-top boxes. “