Cisco to acquire Sheer Networks for $97 million
James Niccolai writes in NetworkWorld:
Cisco Tuesday announed it has agreed to acquire Sheer Networks, which makes software designed to help service providers and large enterprises manage complex networks.
Cisco will pay approximately $97 million in cash and assumed options for the privately held company, which is based in San Jose. The price my increase by up to $25 million if Sheer Networks reaches certain development and product milestones, Cisco said.
Sheer Networks makes a product called Sheer DNA, or Dynamic Network Abstraction, which creates a real-time, virtual representation of an actual network. This is supposed to make it easier to manage complex networks that include multiple domains and equipment from multiple vendors.
posted by Fergie @ 7/26/2005 09:06:00 AM
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