Cisco Agrees to Acquire Cariden for About $141 Million
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.
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