Bidness: Cisco Systems Inc Buys Out Israeli Networking Chipmaker Leaba Semiconductor
Just a day before Leaba’s acquisition, Cisco announced that it had purchased CliQr Technologies for $260 million. CliQr develops computer based solutions that allow enterprises to manage data both internally or outside on cloud servers. Both these acquisitions could be a part of another buyout spree by Cisco, considering that the company has many times in the past bought start-ups to develop some of its most profitable segments.
To read more, see the full article at Bidness