November 20, 2015 / 1:17 PM / in 3 years

Cisco to buy London-based Acano for $700 million

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. REUTERS/Jim Young

(Reuters) - Cisco Systems Inc (CSCO.O) said it would buy privately held Acano Ltd, which provides video conferencing hardware and software, for $700 million in cash and equity awards.

The networking giant said London-based Acano’s employees who join Cisco will receive additional retention-based incentives.

Reporting by Lehar Maan in Bengaluru; Editing by Savio D'Souza

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below