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