Cisco's Out Shopping Again

Cisco Systems, Inc. today announced it will acquire yet another company; this time Netiverse, Inc. of San Jose, California. Netiverse is "a leading provider of content acceleration technology that enhances the performance and functionality of networking devices." This just adds to the many companies Cisco has acquired as of late in their "New World" strategy to bring as many services as possible to their customers.

Netiverse will provide Cisco with a wealth of content acceleration technology (adding performance improvements to facilitate the needs of managing large amounts of Internet traffic and distributing web content) and also help in development of new networking technologies. Netiverse's technology was developed particularly for use in environments with multiple product lines for better integration. The technology will be integrated into Cisco's existing content networking solutions, and new products as they come out.

The agreement comes in the form of a stock exchange, Cisco’s will exchange an aggregate $210 million for all outstanding shares of Netiverse and will complete Cisco’s hold on the company from its former 20% stake.