Friday, February 23, 2024

Cisco to Buy Cariden Technologies for $141 Million

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Cisco has announced that it plans to acquire Cariden Technologies for $141 million in cash and retention-based incentives. Based in Sunnyvale, Calif., Cariden provides software for the telecommunications industry.

CRN’s Chad Berndtson reported, “Cisco (NSDQ:CSCO) Thursday said it will acquire privately held Cariden Technologies, a maker of network planning, design and traffic tools for telecom service providers. Cisco will pay about $141 million in cash and retention-based incentives and, after the close of the acquisition, Cariden will become part of Cisco’s Service Provider Networking Group under Shailesh Shukla, vice president and general manager, Software and Applications Group.”

Bloomberg’s Lisa Rapaport observed, “Cariden’s gear for designing and operating telecommunications networks can help Cisco benefit from the surging volume of data that its customers must shuttle between servers, mobile phones, search engines and video websites. With the deal, Cisco gains tools to help wireless providers improve the speed and efficiency of their networks.”

According to Eric Savitz from Forbes, “Cisco said its acquisition of Cariden ‘will allow providers to enhance the visibility, programmability and efficiency of their converged networks, while improving service velocity.'”

Reuters noted, “This is Cisco’s third acquisition in November. Earlier this month Cisco said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.”

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