Cisco Plans To Acquire ExiO Communications - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Cisco Plans To Acquire ExiO Communications

Cisco Systems expanded its wireless telephony offerings on Thursday when it agreed to acquire ExiO Communications Inc., a developer of wireless technology for corporate networks, in a deal worth $155 million in stock.

Privately held ExiO manufactures wireless office products, based on Code Division Multiple Access standards and IP, that can access voice, data, and the Internet. By acquiring ExiO, Cisco is trying to serve the in-building wireless market that requires products based on next-generation CDMA standards.

Cisco plans to exchange shares of its common stock, worth approximately $155 million, for all outstanding shares and options of ExiO. The acquisition, which is expected to be completed by late April, would be counted as a purchase. Cisco expects to bear a one-time charge of about a penny per share on an after-tax basis for purchasing ExiO research and product development while in process. The boards of directors of both company have approved the deal, but the closing is still subject to various conditions.

ExiO's 38 employees, including CEO Ki Hyun Joo, would join Cisco's enterprise wireless telephony business unit, which is a part of the new mobile wireless group in Cisco's service provider line of business.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll