Bloomberg News

Cisco Agrees to Acquire Cariden for About $141 Million

November 29, 2012

Cisco Systems Inc. (CSCO:US), the largest maker of equipment for computer networks, said it plans to buy Cariden Technologies Inc. for about $141 million, adding tools to manage Internet data traffic.

The deal is expected to close in the second quarter of Cisco’s 2013 fiscal year, the San Jose, California-based company said today in a statement. Cisco said it will pay a combination of cash and retention incentives.

Cariden’s gear for designing and operating telecommunications networks can help Cisco benefit from the surging volume of data that its customers must shuttle between servers, mobile phones, search engines and video websites. With the deal, Cisco gains tools to help wireless providers improve the speed and efficiency of their networks.

“Given the widespread convergence of IP and optical networks, Cariden’s technology will help carriers more efficiently manage bandwidth, network traffic and intelligence,” Surya Panditi, senior vice president and general manager for Cisco’s service provider networking group, said in the statement.

To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net

To contact the editor responsible for this story: Lisa Rapaport at lrapaport1@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • CSCO
    (Cisco Systems Inc)
    • $28.35 USD
    • 0.05
    • 0.18%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus