[Techtaffy Newsdesk]
Cisco is acquiring privately held Cariden Technologies, a Sunnyvale, Calif.-based supplier of network planning, design and traffic management solutions for telecommunications service providers. Under the terms of the agreement, Cisco will pay approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden.
Upon the close of the acquisition, Cariden employees will be integrated into Cisco’s Service Provider Networking Group, reporting to Shailesh Shukla, vice president and general manager of the company’s Software and Applications Group.
Cariden’s capacity planning and management tools for IP/MPLS (Multi-Protocol Label Switching) networks, will be integrated into Cisco’s Service Provider Networking Group to enable multilayer modeling and optimization of optical transport and IP/MPLS networks. Cariden’s products and technology will advance Cisco’s nLight technology for IP and optical convergence.
The acquisition is subject to various standard closing conditions and is expected to be completed in the second quarter of Cisco’s fiscal year 2013.