Network equipment firm’s employees will be integrated into Cisco’s service provider networking group.
Cisco Systems Inc. unveiled plans to buy networking software provider Cariden Technologies Inc. for about $141 million in cash and retention-based incentives, continuing its streak of large acquisitions this month.
Privately held Cariden makes tools that help telecommunications companies plan, design and manage networks. Its service-provider customers include Deutsche Telekom AG and Verizon Communications Inc.
Cisco said it will integrate Cariden’s employees into its service provider networking group after the deal’s closing, expected in Cisco’s current fiscal quarter ending in January.
The move represents Cisco’s 10th purchase this year, making it the company’s busiest year of acquisitions since 2007, when the company struck 11 deals. The San Jose, Calif., company earlier this month disclosed its planned acquisition of the Wi-Fi management company Meraki in a deal valued at $1.2 billion. Cisco also this month said it would pay $125 million to buy Cloupia, which makes software for data-center equipment.
The latest three deals come after Cisco reported a stronger quarterly profit benefiting from fewer restructuring charges and higher revenue despite weakening conditions in Europe.
Cisco shares were recently up 10 cents at 18.93 premarket. The stock has gained 8.9% over the past month.
