Cisco to buy Denmark's KiSS for $61M
A Reuters newswire article, via CNN/Money, reports:
Cisco Systems Inc. said Friday it has agreed to acquire privately held KiSS Technology A/S, a maker of networked DVD players and recorders and other home video products, for $61 million in cash and stock.
KiSS was founded in 1994, and its products allow devices to access content on the Internet or on other devices on their home network, said Cisco, which is the biggest maker of equipment that directs traffic on the Internet.
The agreement marks the second acquisition by Linksys, the consumer networking unit of Cisco and the largest brand in residential and small business wireless network gear, and would be Cisco's eighth purchase in 2005.
posted by Fergie @ 7/22/2005 07:44:00 AM
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