Cisco to acquire Parc for improved traffic routing
Cisco Systems Inc. has agreed to acquire London-based traffic engineering and routing software provider Parc Technologies Ltd. in an effort to gain better traffic management in its systems and products, the company said Thursday.
The San Jose, California, networking giant will pay US$9 million in cash for all outstanding shares of Parc that it doesn't already own, it said.
The privately held U.K. 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 plans to incorporate Parc's Route Server software into its MPLS Management product portfolio and make it available as part of its IP Solutions Center, it said.
Cisco has been on a bit of a shopping spree, agreeing to snap up both router maker Procket Networks Inc. and backup software provider Actona Technologies Inc. in recent weeks. The company reported strong third-quarter earnings last May, including a $1 billion sales increase that has apparently left it with a little extra pocket money to fill some gaps in its portfolio.
The company's buy of Parc is expected to be completed in the first quarter of Cisco's fiscal year 2005, subject to closing conditions.
IDG News Service
Symantec Backup Exec 12 and Backup Exec System Recovery 8 deliver industry leading Windows data protection and system recovery. Download this whitepaper to find out the top reasons to upgrade and how to get continuous data protection and complete system recovery.
Data and system loss — from a hard drive failure, malicious attack, natural disaster, or simple human error — can happen anytime. Don’t leave your business vulnerable. Make sure you have a secure recovery strategy in place. Symantec's latest backup and system recovery technology can efficiently restore critical applications, individual emails and documents and even restore your entire system in minutes in the event of a loss.
Businesses face a growing challenge to ensure that the IT environment is properly protected. Backup Exec 12 integrates with other applications in the Symantec family of products, to complement your current data protection strategy, keep your data securely backed up and make it recoverable when you need it most.
