Cisco Systems (NASDAQ:CSCO) has announced a definitive agreement to acquire Germantown, MD-based Cognio, Inc., a company involved in wireless spectrum analysis and management for wireless networks.
Cognio’s spectrum technology enhances performance, reliability and security of wireless networks by detecting, classifying, locating and mitigating sources of radio frequency interference. The acquisition is said to provide Cisco with complementary and differentiating technology, intellectual property and a core team to expand Cisco’s leadership in unified wireless networking.
The Cognio acquisition is expected to close in the first quarter of Cisco’s 2008 fiscal year, and this looks to be the company’s 122nd acquisition. Upon the close of the acquisition, Cisco plans to integrate Cognio into its Wireless Networking Business Unit, under the Ethernet and Wireless Technology Group.
Financial terms were not disclosed as far as what Cisco is paying, nor ant financial backgrounder on Cognio. Cognio was venture-backed with Northbridge Venture partners, ABS Ventures, and Avansis Venture listed as backers.
Jon C. Ogg
September 18, 2007
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