NL International Briefs
News | 11/25/2004 5:00 am EST
Cisco Systems to acquire Jahi Networks for $16 million
Cisco Systems Inc. announced November 17 that it had reached a definitive agreement to acquire San Jose CA-based Jahi Networks Inc. for $16 million in cash and assumed options. The acquired company is a provider of network management appliances designed to simplify device deployment, configuration and management. The deal is subject to various standard closing conditions and is expected to close in the second quarter of Cisco’s fiscal year 2005. "Jahi’s technology will help Cisco build a practical and unique solution for management of existing and new devices," said Cliff Meltzer, senior VP for Cisco’s Network Management Technology Group. Upon close of the deal, the Jahi team will become a part of the Network Management Technology Group. Jahi was founded in 2003 and has 20 employees.