Cisco to acquire Parc for improved traffic routing
- 09 July, 2004 11:30
Cisco has agreed to acquire London-based traffic engineering and routing software provider, Parc Technologies, in an effort to gain better traffic management in its systems and products.
The networking giant would pay $US9 million in cash for all outstanding shares of Parc that it didn't already own, it said.
The privately held UK company is a spin-off from an algorithm research center at the University of London's Imperial College. Its route server algorithms are used to break up complex network routing problems, according to Cisco.
The networking company plans to initially use Parc's algorithms in its Multiprotocol Label Switching (MPLS) TE product to help service providers improve their network utilization.
Cisco also planned to incorporate Parc's Route Server software into its MPLS Management product portfolio and make it available as part of its IP Solutions Centre, it said.
Cisco has been on a bit of a shopping spree, agreeing to snap up both router maker, Procket Networks, and backup software provider, Actona Technologies, in recent weeks.
The company reported strong third-quarter earnings last May, including a $US1 billion sales increase that apparently left it with a little extra pocket money to fill some gaps in its portfolio.
Its acquisition of Parc is expected to be completed in the first quarter of Cisco's fiscal year 2005, subject to closing conditions.