Cisco Systems will acquire privately-held Netiverse in a stock deal worth around $210m. Netiverse's technology accelerates content delivery across networks. The idea is to help customers distribute web content and manage large amounts of Internet traffic.
Cisco, which previously held a 20 percent stake in Netiverse, said it would integrate Netiverse technology into its existing content networking solutions.
Cisco said it will account for the acquisition as a purchase and expects to complete the deal in the first quarter of fiscal 2001. The company will take a one-time charge of up to two cents per share to account for in-process research and development.
Cisco has said it plans to acquire between 20 and 25 firms this year. Netiverse would be the 13th company snapped up by the networking giant.
See ZDII for US tech investor news.
See techTrader for more technology investment news, plus quotes and research.