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Cisco Buys Startup ThousandEyes to Add to Software, Services

Cisco Systems headquarters in San Jose, California.
Cisco Systems headquarters in San Jose, California.

Photographer: David Paul Morris/Bloomberg

Cisco Systems Inc. said it will buy startup ThousandEyes Inc. to help extend its push into software and services.

The world’s biggest maker of networking gear is paying about $1 billion, according to people familiar with the matter.