Networking giant Cisco Systems announced today that it is acquiring Pure Networks, a Seattle developer of home-networking software, in a...
Networking giant Cisco Systems announced today that it is acquiring Pure Networks, a Seattle developer of home-networking software, in a $120 million deal.
The acquisition is part of Cisco’s attempt to broaden its offerings as networking at home grows more sophisticated and complex with the addition of devices and services that connect to computers and to each other.
Pure Networks, founded in 2002, is a venture-financed company whose best-known product is Network Magic, software that helps users set up, monitor and manage home networks.
Cisco, based in San Jose, Calif., said in a release that it expects the deal to close in the first quarter of fiscal 2009. Pure Networks would continue to operate in Seattle as part of Linksys, the Cisco division that develops and markets networking products to consumers and small businesses.
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