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Short Take: Home Director snags $55 million

Home Director, formerly IBM's home networking division, has raised $55 million in its first round of funding, including an investment by Motorola. Other investors include Cisco Systems and IBM. Home Director has also purchased Digital Interiors, a 110-employee company, that installs networking technology in homes. Financial details of the acquisition were not disclosed.

Home Director, formerly IBM's home networking division, has raised $55 million in its first round of funding, including an investment by Motorola. Other investors include Cisco Systems and IBM. Home Director has also purchased Digital Interiors, a 110-employee company, that installs networking technology in homes. Financial details of the acquisition were not disclosed.