Cisco Buys Starent for $2.9 Billion
Cisco Systems Inc., the leading maker of networking equipment has recently announced that it has agreed to buy Starent Networks Corp.,
Also reported Starent equipment would help them in wireless carriers support for smart phones such as analyzing or understanding the traffic over networks and speedy routing to overhaul the traffic issues
Starent, of Tewksbury, Massachusetts, makes equipment that allows carriers to tie their wireless networks to the Internet.
Cisco, who pays $35 per share in cash already, anticipates the deal to close early next year as Cisco agreed to buy for $2.9 billion.
Cisco CEO John Chambers reported that they expect to make more acquisitions in future.
The deal follows a wave of consolidation in the technology industry as tech companies seek to position themselves for a recovery.In the past month, Dell Inc. spent $3.9 billion to buy Perot Systems Inc.; Xerox Corp. shelled out $5.6 billion for Affiliated Computer Services Inc.; and Adobe Systems Inc. paid $1.8 billion for Omniture Inc.
It is the second major acquisition in two weeks for Cisco, the world’s largest maker of computer networking gear. On 1 October, it announced a deal to buy Tandberg ASA, a leading maker of videoconferencing gear, for $3 billion.
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