Cisco Systems said it will buy Airespace, a vendor of wireless switches, access points, WLAN management and IDS security software, for about $450 million.
Cisco Systems confirmed late Wednesday afternoon that it is acquiring Airespace, a vendor of wireless switches, access points, WLAN management and IDS security software.
While Cisco has shied away from the wireless switch approach to managing wireless LANs, it said in a statement that the acquisition makes sense, saying it allows the company both to appeal to more customers and to add Airespace's capabilities into existing Cisco products.
"We continually look for complementary technology that offers new value to our customers," Luca Cafiero, senior vice president for Cisco's data center, switching and wireless technology group, said in a statement.
Cisco said it is paying about $450 million in stock and assumed options for Airespace and expected the deal to close by April 30. The company stressed in its statement that it will continue to support both its Structured Wireless-Aware Network framework (SWAN) product line as well as Airespace products.
Airespace was founded in 2001 and has about 175 employees.
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
2017 State of IT ReportIn today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.