San Jose, Calif. – Marking its third acquisition announcement in two weeks, San Jose-based networking equipment giant Cisco said on Thursday it will pay approximately $141 million to buy Sunnyvale-based Cariden Technologies, a supplier of network planning, design and traffic management tools for telecom service providers.
The deal is expected to close by the end of January.
Cisco said the acquisition will help its provider customers enhance the visibility, programmability and efficiency of their converged networks, while improving service velocity.
“Given the widespread convergence of IP and optical networks, Cariden’s technology will help carriers more efficiently manage bandwidth, network traffic and intelligence,” said Surya Panditi, the senior vice president and general manager of Cisco’s Service Provider Networking Group. “This acquisition signals the next phase in Cisco’s packet and optical convergence strategy and further strengthens our ability to lead this market transition in networking.”
Cisco earlier this month also announced plans to acquire Meraki and Cloupia. Cariden’s employees will be integrated into Cisco’s Service Provider Networking Group.
This article was also published in Bay Area Tech Wire.
Cisco – http://www.cisco.com
Cariden Technologies – http://www.cariden.com
Cisco – press release
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