Cisco snaps up Cariden Technologies

Cisco has bought software firm Cariden Technologies for $141m in its 10th acquisition this year

Cisco has bought software firm Cariden Technologies for $141m in cash, the company has confirmed.

The acquisition is the 10th Cisco has made this year, following a push to widen its remit through buying technology, rather than developing in-house.

Cariden specialises in software to enable the planning and design of networks, and the consequent traffic management, specifically for service provider customers.

Cariden’s staff will join Cisco's service provider networking division and report to Shailesh Shukla, vice-president and general manager of the firm's software and applications group.

"The Cariden acquisition reinforces Cisco's commitment to offering service providers the technologies they need to optimise and monetise their networks, and ultimately grow their businesses," said Surya Panditi, senior vice-president and general manager of the service provider networking division.

"Given the widespread convergence of IP and optical networks, Cariden's technology will help carriers more efficiently manage bandwidth, network traffic and intelligence. This acquisition signals the next phase in Cisco's packet and optical convergence strategy and further strengthens our ability to lead this market transition in networking," added Panditi.

The acquisition is expected to complete in the second quarter of Cisco’s 2013 fiscal year.

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