There was a time when Cisco acquired more companies in a day than the total calorie intake on all their employees. OK, that may be a bit of an exaggeration, but they were known for their frequent acquisitions. Back then there were many people that started a company with the single goal of flipping it to a company like Cisco. Those days are gone, but Cisco still makes acquisitions.
Today Cisco announced the acquisition of a Sunnyvale, CA. based company called Cariden Technologies. Cariden is a supplier of network planning, design, and traffic management solutions for telecommunications service providers. The acquisition came with a $141 million price tag. If all goes according to plan, the acquisition should be completed in the second quarter of Cisco’s 2013 fiscal year.
To better understand the motivation of this acquisition, check out a quote from the press release:“The Cariden acquisition reinforces Cisco’s commitment to offering service providers the technologies they need to optimize and monetize their networks, and ultimately grow their businesses,” said Surya Panditi, senior vice president and general manager, Cisco’s Service Provider Networking Group. “Given the widespread convergence of IP and optical networks, Cariden’s technology will help carriers more efficiently manage bandwidth, network traffic and intelligence. 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.”