Computer-networking equipment maker Cisco is to buy network traffic-management software maker Cariden Technologies for about US$141m in cash.
Under the deal, privately-held Cariden will be integrated into Cisco’s service provider networking group unit.
Sunnyvale, California-based Cariden supplies network planning, design and traffic management solutions for telecommunications service providers.
“The Cariden acquisition reinforces Cisco’s commitment to offering service providers the technologies they need to optimise and monetise 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.”
The deal is expected to close by the second quarter of the 2013 fiscal year.