Cisco announced today that it has acquired privately held Sunnyvale, Calif.-based supplier of network planning, design and traffic management solutions company Cariden. The acquisition will allow providers to enhance the visibility, programmability and efficiency of their converged networks while maintaining and improving service velocity. The acquisition costs Cisco $141 million that the company is paying all in cash and retention-based incentives in exchange for all shares of Cariden with expectation that the deal will be completed in the second quarter of Cisco’s fiscal year 2013.
“The Cariden acquisition reinforces Cisco’s commitment to offering service providers the technologies they need to optimize and monetize their networks, and ultimately grow their businesses,” said Surya Panditi, senior vice president and general manager, Cisco’s Service Provider Networking Group. “Given the widespread convergence of IP and optical networks, Cariden’s technology will help carriers more efficiently manage bandwidth, network traffic and intelligence. This acquisition signals the next phase in Cisco’s packet and optical convergence strategy and further strengthens our ability to lead this market transition in networking.”
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