TMCnet News
Cisco Systems to acquire BroadHopDec 19, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Cisco Systems, Inc., a designer, manufacturer and seller of internet protocol (IP)-based networking and other products, has agreed to acquire BroadHop, Inc., a provider of service and policy management solutions for Internet protocol (IP) triple-play networks. Both the companies are based in the US. Earlier in 2009, BroadHop had secured funding from Boulder Ventures, Ltd. and Peninsula Ventures. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-12-18 Deal Participants Target (Company) BroadHop, Inc. Acquirer (Company) Cisco Systems, Inc. Vendor (Company) Undisclosed Investors* Deal Rationale The BroadHop acquisition reinforces Cisco's commitment to developing services that enable its service provider partners to succeed across mobile, fixed and converged networks, while allowing it to continue to lead and define important transitions in networking. |