RealTime IT News

Today's Deals: Cisco Pays $170 Million For Cais Software Solutions

Cisco Systems + CAIS Software Solutions, Interwoven + Metacode Technologies, Ajuba Solutions, Thinkpath + DPP International Limited, Merisel + Value America

 Cisco Systems (CSCO) to acquire CAIS Software Solutions


   *  Amount:         $170 million


   *  Terms:            cash and stock

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B+


    SAN JOSE, Oct. 20--Cisco Systems announced it has entered into a definitive agreement to acquire the broadband subscriber management software business of CAIS Software Solutions (CAISsoft), a wholly owned subsidiary of publicly traded CAIS Internet of Washington, D.C. CAIS Software Solutions was acquired by CAIS Internet in 1999, and offers software applications that enable service providers to more easily provision and manage high-speed, broadband Internet services in hotels, apartments, airports and office buildings. The acquisition enhances Cisco's strategy of offering complete broadband connectivity solutions for service providers addressing the multi-unit building market. Cash and Cisco common stock worth approximately $170 million will be exchanged for the s