Cisco buys Cariden
Dec 18, 2012 (TELECOMWORLDWIRE via COMTEX) --
Cisco (NASDAQ: CSCO) said it has completed the acquisition of privately held Cariden Technologies, Inc., a Sunnyvale, Calif.-based supplier of network planning, design and traffic management solutions for telecommunications service providers. This acquisition includes Cariden's industry-leading capacity planning and management tools for IP/MPLS (Multi-Protocol Label Switching) networks and talent.
Cariden's products and technology will advance Cisco's nLight technology for IP and optical convergence and will allow service providers to improve both the programmability of their networks and the utilization of existing network assets across the IP and optical transport layers.
The Cariden team will be integrated into Cisco's Service Provider Networking Group. Under the terms of the agreement, Cisco paid approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden.
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