Cisco Reels In Actona Technologies - 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
Software // Enterprise Applications
News
6/29/2004
04:15 PM
50%
50%

Cisco Reels In Actona Technologies

It will use Actona's file-services software to augment its own branch-office networking and storage products.

Cisco Systems said Tuesday it plans to acquire privately held software vendor Actona Technologies Inc. for $82 million in cash.

Actona makes wide-area file-services software that helps companies move data between branch and main offices, reducing the cost and complexity of remote access and backup. Cisco says that it will use the acquired technology to augment its own branch-office networking and storage products, including adding WAN-optimized file-transfer and access capabilities to its routers. Actona was founded in 2000 and employs 48 people.

Cisco already owns about 17% of Actona's stock, and subject to regulatory approval, will acquire all outstanding shares this fall. Upon completion of the deal, Actona's employees will become part of Cisco's routing technology group.

The purchase is only the latest move in Cisco's strategy to bolster the features of its products through acquisitions. Two weeks ago, the company announced plans to acquire high-end router maker Procket Networks Inc.. In April, it bought both network security vendor Riverhead Networks and VPN vendor Twingo Systems Inc..

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
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
News
What's Next: AI and Data Trends for 2020 and Beyond
Jessica Davis, Senior Editor, Enterprise Apps,  12/30/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll