(Telecompaper) Cisco has agreed to buy privately held Pure Networks, a US-based specialist in home networking management software and tools. Under the terms of the agreement, Cisco will pay approximately USD 120 million in exchange for all shares in Pure Networks. The acquisition of Pure Networks is expected to be completed in Cisco's first quarter of fiscal year 2009. Upon the close of the acquisition, Pure Networks' employees will remain in Seattle and will be integrated into Linksys, led by Mike Pocock, Linksys senior vice president and general manager. The acquisition of Pure Networks provides Cisco with an integrated home networking-management service that will also serve as the foundation for the development of new applications, tools and capabilities for consumers. ...
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