April 26, 2005
Linksys To Purchase Sipura Technology
Cisco Systems networking division, Linksys, has recently declared that they will be acquiring Sipura Technology for $68 millions dollars by the end of July. Linksys, who already offers a wide range of VoIP enabled routers and wireless technologies, is planning to expand its product selection. In fact, the company they are currently buying supplied the majority of the technology built into the VoIP routers. Therefore, the transition of personal and application will probably go smother than most buy outs. With the forecasts being nothing but positive across the board, they see it as an investment well spent. According to Information Week:
"VoIP is a strategic segment for innovation and growth for Cisco and Linksys, Charles Giancarlo, Cisco CTO and Cisco-Linksys president, said in a statement. "The acquisition of Sipura will augment Linksys' leading position in the rapidly growing VoIP market and is an example of Linksys' strategy to increase internal R&D capabilities in specific product categories."
Read more at: Linksys Acquires VoIP Vendor
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