Cisco Systems is maintaining its acquisition binge, adding another two communication specialists to its ranks recently in its quest to conquer the integrated voice, video and data market.
Most recently, Cisco reports it bought middleware developer Amteva Technologies for $US170 million.
The deal is calculated as shares of Cisco common stock and cash to be exchanged for all outstanding shares and options of Amteva, though the deal is still subject to certain conditions.
In addition, the vendor acquired US-based software developer GeoTel in a deal reputed to be worth $US2 billion dollars. Cisco is exchanging 0.5138 of its shares for every outstanding share and option of GeoTel.
The deal has already been approved by GeoTel and Cisco directors; shareholder approval is all that remains before it is finalised by the fourth quarter of Cisco's current fiscal year.
Don Listwin, Cisco executive vice president, reports that the acquisitions represent a move by Cisco into network communications and are the final stage of the vendor's five-phase enterprise data, voice and video integration strategy.
The objective, according to Cisco sources, is to extend unified communications to IP-based infrastructures, allowing data, voice and video to travel over a single network infrastructure.