Cisco to buy network traffic-management software firm Cariden Technologies for $141 mn
30 Nov 2012
Cisco Systems Inc, the world's largest maker of computer-networking equipment, yesterday said that it will acquire privately held network traffic-management software firm Cariden Technologies Inc, for about $141 million in cash.
The move comes less than two weeks after San Jose, California-based Cisco agreed to buy privately-held cloud networking start-up Meraki Inc for $1.2 billion in order to expand its cloud computing business in new markets. (See: Cisco to acquire privately-held cloud networking start-up Meraki for $1.2 bn)
Cisco will pay Cariden approximately $141 million in cash and retention-based incentives.
Post-closing, Cariden will be integrated into Cisco's Service Provider Networking Group, reporting to Shailesh Shukla, vice president and general manager of the company's Software and Applications Group.
Sunnyvale, California-based Cariden is a supplier of network planning, design and traffic management solutions for telecommunications service providers.
Its capacity planning and management tools for multi-protocol label switching networks have been deployed by many of the world's leading fixed and mobile network operators.