Cisco acquires Pure networks
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Cisco has agreed to purchase Pure Networks, maker of software for easing set up and management of networks and connectivity of a range of devices, applications and services within a home.
Under the terms of the agreement, Cisco will pay $120 million in exchange for all shares of Pure Networks. The acquisition of Pure Networks is subject to various standard closing conditions and is expected to be complete in Cisco’s first quarter of fiscal year 2009. Upon the close of the acquisition, Pure Networks’ employees will remain in Seattle and be integrated into Linksys, led by Mike Pocock, Linksys senior vice president and general manager.
Home Networking is evolving and network connectivity is changing from share a broadband connection that links PCs and peripherals, to Home Networking 2.0, in which the multimedia-enabled home will be comprised of a multitude of disparate network devices, applications and services that are connected to one another.
Pure Networks provides Cisco with an integrated home network-management solution that will also serve as the foundation for the development of new applications, tools and capabilities for consumers to use in an increasingly “connected life” at home, at work and on the go.
Pure Networks currently partners with Cisco to provide the software infrastructure and tools used to create the Linksys Easy Link Advisor (LELA) which allows a consumer to more easily set up, organize, manage, secure and use a home network.
