Cisco Systems today confirmed that it has signed a definitive agreement to acquire privately held BCN Systems, a Californian networking software design firm.
The networking giant said that BCN's networking software architecture for routing applications will be assimilated into its own routing platforms.
Under the terms of the agreement Cisco will pay approximately $34m in cash for all outstanding equity interests of BCN.
In addition, the acquisition price may be increased by as much as $122m depending on the degree to which "certain development and product milestones" are met after the deal's close.
The BCN team will become part of Cisco's Routing Technology Group under senior vice presidents Prem Jain and Mike Volpi.
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