Cisco Leaps Into Broadband Fray
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The strategic alliance is buoyed by a new technology, called the Media Access Control and Vector Orthogonal Frequency Division Multiplexing, which offer two-way data, voice and video communications over the air to homes and businesses at high speeds. VOFDM lowers the cost of offering a wireless network and increases subscriber coverage.
The devices work quite well in congested cities by staunching line-of-sight, distance reach and antenna size problems of existing wireless systems. Cisco expects to standardize these multiple supply source systems, enabling businesses to receive broadband access in more areas at lower costs.
"With a global team of silicon, consumer electronics and service partners we will bring innovative new access options to our customers."
Separately Tuesday, Cisco Systems Tuesday purchased Tasmania Network Systems Inc., a leading developer of network caching software technology for $25 million in stock.
Cisco will swap $25 million of stock for all outstanding shares, warrants and options of the privately-held Tasmania.
Cisco will incorporate Tasmania's technologies into its Cache Engine 500 series of products to offer its service provider and enterprise customers efficient content networking services, including content-aware network caching.
Network caching accelerates content transmission and network performance by localizing traffic patterns. This moves data closer to the user, saving the client time and money.