RealTime IT News

Today's Deals: Cisco Systems Acquires Two More

chinadotcom + Venex Corporation, Cisco Systems + Vovida Networks, IPCell Technologies, Efficient Networks + MultiMedia Development, Exodus Communications + GlobalCenter, FirePond + Signature Software, GourmetMarket.com + VirtualGourmet.com, LookSmart + Zeal Media, Penton Media +Streaming Media

 Efficient Networks (EFNT) acquires MultiMedia Development Corp.


   *  Amount:         $79 million


   *  Terms:            2.4 million shares

   *  Premium:        n/a


   *  Industry:        Internet services


   *  Scorecard:      B


    DALLAS, Sept. 28--Efficient Networks , a provider of broadband digital subscriber line (DSL) solutions, announced that it has acquired privately-held MultiMedia Development Corporation (MMD), a software vendor providing network management systems and solutions for the broadband networking industry. MMD brings to Efficient a strong foundation of management technology and expertise, underscoring Efficient's strategy to offer complete broadband solutions to its customers. Under terms of the agreement, Efficient Networks issued approximately 2.4 million shares of Efficient common stock in exchange for all of the outstanding stock