Cisco to buy Protego for US$65 million
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Networking equipment maker Cisco Systems added to its growing portfolio of security products on Monday, agreeing to buy Protego Networks of California for US$65 million in cash.
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Cisco Systems Inc. is snapping up privately held Navini Networks Inc. for $330 million, extending the networking equipment maker's acquisition streak and providing the latest validation for the new wireless network technology called WiMax.
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Ciena has agreed to acquire World Wide Packets in a deal, valued at about $290 million, that will bring together two players in the growing carrier Ethernet market.The vendor of carrier gear will pay about $200 million cash plus 3.4 million shares for privately held World Wide Packets, which makes switches and software for Ethernet services offered by carriers. World Wide Packets, in Spokane Valley, Washington, will be merged into a wholly owned subsidiary of Ciena.Carriers are beginning to build Ethernet networks across metropolitan areas so they can be more flexible in offering different speeds of service and deliver WAN connectivity with the same technology most enterprises use for their LANs. Ethernet, which generally costs less than traditional metropolitan fiber networks, can also be used for wholesale data transport and backhaul of traffic from wireless networks to the Internet.World Wide Packets has more than 100 customers in 25 countries and has shipped more than 70,000 units of its products, according to Ciena. The company offers a common operating system across its products, called LightningEdge Operating System, and network management tools.Also on Tuesday, Ciena said it had won a multiyear contract to supply AT&amp;T with platforms from World Wide Packets.Based on the $26.52 closing price of Ciena&#39;s stock last Friday, the 3.4 million shares are worth about $90 million. Ciena will also assume as much as $15 million of the acquired company&#39;s debt. The acquisition requires regulatory approval and is expected to close in the second quarter of Ciena&#39;s 2008 fiscal year, which will end in April. World Wide Packets will keep operating from its locations in Spokane Valley and San Jose, California. Ciena is based in Linthicum, Maryland.
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Cisco Systems has announced its participation in the acquisition season currently underway by signing a definitive agreement to acquire privately held Protego Networks, Inc.
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Cisco Systems announced on Monday plans to buy an IP software start-up for $200 million. The company is acquiring P-Cube for its IP control software that&#39;s designed to make it easier for wireless and wired
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Cisco (NASDAQ: CSCO) -- Cisco Systems(R) today announced it has completed the acquisition of privately held Greenfield Networks Inc. of Sunnyvale, California.
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Cisco Systems is making an acquisition designed to reinforce its security lineup, the company said Thursday. The networking giant announced it will pay $74 million in cash for San Francisco start-up Perfigo, a developer of network access control products.
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Cisco Systems signed an agreement on Wednesday to acquire network management start-up Jahi Networks for $16 million. Jahi, a San Jose, Calif.
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Cisco Systems has announced that it will acquire privately held startup Protego Networks for $65 million. The move brings many possibilities to Cisco.
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Cisco Systems has finalized an agreement to purchase privately held BCN Systems, a provider of networking software design. Under the terms of the agreement, Cisco will pay approximately $34 million in cash for BCN. The price could increase by as much as $122 million if BCN meets certain development and product milestones. BCN's architecture will be incorporated across Cisco's broad routing portfolio and will support Cisco's delivery of next-generation data, voice, and video services over a converged network.
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In a move that targets the increased threats of worms and viruses to networked businesses, Cisco Systems Thursday said it will acquire privately owned endpoint compliance vendor Perfigo in a deal worth approximately $74 million.
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WiMAX technology is on the cusp of coming fully into the marketplace, and Cisco has seized an early opportunity in acquiring mobile WiMAX pioneer Navini Networks for $330 million.
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Cisco Systems will add to its security portfolio with the purchase of Protego Networks, which makes software and hardware used to monitor threats to networks.
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InfoWorld - Cisco Systems is continuing to buy its way into social networking, acquiring some assets of the company that operates Tribe.net while letting the site remain independent.
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Cisco Systems (Quote, Chart) acquired security monitoring provider Protego Networks in a $65 million cash deal Monday, one of a flurry of year-end mergers and consolidation among software providers in the past week.
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Networking equipment maker Cisco Systems Inc. added to its growing portfolio of security products on Monday, agreeing to buy Protego Networks Inc.
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NAPERVILLE, Ill., Jan. 31  /PRNewswire/ -- Personeta, a developer of converged service creation and application solutions for communications service providers, announced today that it has received an investment from Cisco Inc.