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Cisco Systems acquires Cariden Technologies
Dec 18, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Cisco Systems, Inc., a designer, manufacturer and seller of internet protocol (IP)-based networking and other products, has acquired Cariden Technologies, Inc., a supplier of network planning, design and traffic management solutions for telecommunications service providers. Both the companies are based in the US.
The acquisition includes Cariden's capacity planning and management tools for IP/MPLS (Multi-Protocol Label Switching) networks and talent.
Announcement (November 29, 2012):
Cisco intends to acquire Cariden.
Under the terms of the agreement, Cisco will pay approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden.
Upon completion, Cariden employees will be integrated into Cisco's service provider networking group.
Brunswick Group LLP is acting as PR advisor to Cisco. The transaction is expected to be completed in the second quarter of Cisco's fiscal year 2013.
Deal Value (US$ Million) 141
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2012-12-17
Deal Participants
Target (Company) Cariden Technologies, Inc.
Acquirer (Company) Cisco Systems, Inc.
Deal Rationale
Cariden's products and technology will advance Cisco's nLight technology for IP and optical convergence. The acquisition also supports the company's Open Network Environment (ONE) strategy by providing sophisticated wide area networking (WAN) orchestration capabilities.
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