Tuesday, July 22, 2008

Cisco to Acquire Pure Networks for Home Network Mgt Software

Cisco agreed to acquire Pure Networks, a Seattle-based start-up specializing in home networking-management software, for approximately $120 million.

Pure Networks' home networking-management solution allows users to easily set up and manage a home network and connect a range of devices, applications and services within a home. Pure Networks currently partners with Cisco to provide the software infrastructure and tools used to create the Linksys Easy Link Advisor (LELA) which allows a consumer to more easily set up, organize, manage, secure and use a home network.

Following the acquisition, Pure Networks' employees will remain in Seattle and be integrated into Linksy.

Cisco said the acquisition reflects its "build, buy, and partner" strategy to expand existing product categories and enter new markets.http://www.cisco.com