Networking giant Cisco aims to boost its ability to manage large amounts of internet traffic with its planned $210m acquisition of web content delivery specialist, Netiverse.
Cisco, which already owns 20 per cent of the company, said the purchase would allow it to offer customers added capabilities for distributing web content. Netiverse's technology, which was developed specifically for use across multiple product lines, will be integrated into Cisco's existing content networking systems.
The acquisition is expected to help Cisco broaden its portfolio of network products for delivering faster web content as well as to better compete in the web traffic management market. That sector is expected to be worth $2bn in 2003 from $500m this year.
Netiverse is the 13th company Cisco has acquired this year. Last month Cisco acquired ArrowPoint Communications for about $4.7mn in stock. ArrowPoint's switches route requests for web content or online transactions to the computer best able to handle the request. Cisco has said it plans to buy between 20 and 25 firms this year.
Guruaj Singh, chief executive of Netiverse, along with the company's 34 employees, will join the workgroup business unit in Cisco's enterprise line of business.
New regulation expected to cut greenhouse gas emissions by about 17 million metric tonnes between 2020 and 2050
Molybdenum ditelluride is a two-dimensional material that can be easily stacked into multiple layers to create a memory cell
New light-guiding nanoscale device can control and monitor a nanoparticle trapped in a laser beam with high sensitivity
Optical traps are scientific instruments in which a focused laser beam is used to exert an attractive or repulsive force on a microscopic object to hold it in place
Scientists estimate that the exoplanet has already lost up to 35 per cent of its mass over its lifetime