Seems, the networking giant Cisco in an acquisition spree. According to latest information, Cisco is all set to acquire BroadHop which is a developer of network management servers and software for carriers. If reports are to be believed, the latest BroadHop buy-out would be Cisco's fourth acquisition in December month.
Formed in 2003, BroadHop provides policy control and service management for mobile and fixed carrier networks.
Post acquisition, BroadHop will be integrated into Cisco's Service Provider Networking Group. It will report to Shailesh Shukla, Vice President and General Manager of the company's Software and Applications Group.
According to a spokesperson from Cisco, “The latest acquisition will help offer carrier customers more flexible control and personalization of their networks and services, and boost service revenue, by enabling end users to purchase customized premium service packages from service providers.”
The financial details of the acquisition have not been revealed by any of the firms.
Market watchers added, the latest BroadHop acquisition is Cisco's fourth acquisition in December. Earlier this month, Cisco announced to buy privately held cloud networking company Meraki, a Datacenter Management company Cloupia and a network traffic-management software maker Cariden Technologies.
