Cisco to buy VoIP firm Sipura

Posted on Tuesday, April 26 2005 @ 23:48 CEST by Thomas De Maesschalck

Cisco today announced it will purchase Sipura Technology for its Linksys division. The company will pay about $68 million in cash and options for this consumer Voice over Internet Protocol (VoIP) technology provider

"The acquisition of Sipura will augment Linksys' leading position in the rapidly growing VoIP market and is an example of Linksys' strategy to increase internal R&D capabilities in specific product categories," Charles Giancarlo, Cisco CTO and Cisco-Linksys president, said in a statement. "Adding Sipura's technology reinforces our commitment to developing products in the consumer voice space."

The deal will most likely close by the end of July 2005 according to Cisco, it still needs regulatory and shareholder approval but the company is confident they will agree. More info at InternetNews

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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