Read
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Devastated by tornado
A huge tornado tears through the Oklahoma City suburb of Moore, killing dozens. Slideshow
Nuclear tsunami wall
Safety upgrades designed to prevent a repeat of the Fukushima disaster. Slideshow
Sponsored Links
Cisco to buy privately held network software company
A sign marking a Cisco office is pictured in San Diego, California November 12, 2012.
Credit: Reuters/Mike Blake
(Reuters) - Cisco Systems Inc said it will buy privately held network traffic-management software maker Cariden Technologies Inc for about $141 million in cash.
Cariden will be integrated into Cisco's service provider networking group unit, Cisco said.
California-based Cariden supplies network planning, design and traffic management solutions for telecommunications service providers.
This is Cisco's third acquisition in November. Earlier this month Cisco said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.
Cisco shares were slightly up at $18.91 in trading before the bell on Thursday after closing at $18.83 on the Nasdaq on Wednesday.
(Reporting by Supantha Mukherjee and Chandni Doulatramani in Bangalore; Editing by Akshay Lodaya)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters