Cisco continues to buy its way into the wireless market

Network equipment giant Cisco has made another move into wireless by buying ExiO in an all share deal worth $155m.

The deal is Cisco's 23rd acquisition this year. ExiO is a privately-held company that sells equipment to enable companies to set up high-speed wireless CDMA networks inside their own offices. Staff can exchange data, make calls and access the internet over mobile phones and wireless laptops. Cisco has been making serious moves into the wireless market in a series of acquisitions. In March it bought JetCell, which makes GSM networks for corporate customers in a $200m all share deal. The network equipment company said that it was on course to hit its target of 25 acquisitions by the end of the year. Cisco has also lost its second of two executive vice presidents. Gary Daichend, responsible for all of the company's sales and manufacturing operations worldwide, has left the company to spend more time with his family. Last August, Don Listwin, in charge of corporate marketing and service provider business, left the company to lead mobile data company Openwave.