Cisco has signed a definitive agreement to acquire Scotland-based Atlantech Technologies in a stock-swap deal valued at $180m (£113m).
The network equipment supplier already has a 9.5 per cent stake in the privately held company and said the acquisition will boost its strategy to provide users with end-to-end network management tools for integrated data, voice and video networks.
Atlantech supplies network element management applications to configure and monitor network hardware, and Cisco aims to provide its service providers with software to manage the company's family of network products.
Cisco predicts that it will take a one-time charge against net earnings of up to two cents a share for purchased in-process research and development expenses in its fourth fiscal quarter.
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