Cisco Systems today announced a definitive agreement to acquire privately-held Denmark KiSS Technology for its Linksys division in a US$61 million cash and stock agreement. The deal is expected to close in the first quarter of Cisco’s fiscal year 2006. Cisco is betting KiSS’ networked entertainment device portfolio, which includes home video products such as networked DVD players and recorders, will compliment Linksys’ Voice over Internet Protocol wireless and networking hardware for the home.
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Cisco Embraces KiSS in $61 Million Acquisition
Posted by: Jennifer LeClaire July 22, 2005 09:38 AMCisco Systems today announced a definitive agreement to acquire privately-held Denmark KiSS Technology for its Linksys division in a US$61 million cash and stock agreement. The deal is expected to close in the first quarter of Cisco’s fiscal year 2006. Cisco is betting KiSS’ networked entertainment device portfolio, which includes home video products such as networked DVD players and recorders, will compliment Linksys’ Voice over Internet Protocol wireless and networking hardware for the home.