Cisco Systems is planning to acquire Arch Rock Corporation a pioneer in IP-based wireless network technology for smart grid application.
“Arch Rock’s wireless mesh technology enhances Cisco’s IP-based, end-to-end smart-grid offerings,” said Laura Ipsen, senior vice president and general manager of Cisco’s Smart Grid business unit. “This acquisition further positions Cisco as a strategic partner to utilities working to better manage power supply and demand, improve the security and reliability of energy delivery, and optimize operational costs.”
Arch Rock’s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable, highly secure, multi-way wireless mesh network.
The acquisition is subject to various standard closing conditions and is expected to be complete in the second half of calendar year 2010.
For more details check the press release from Cisco Systems