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Cisco to buy Pure Networks for $120 million



By AP
23 July 2008 @ 09:15 am EST

SAN JOSE, Calif. - Network equipment maker Cisco Systems Inc. on Wednesday said it intends to buy Pure Networks, which makes home networking-management software and tools, for $120 million.

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Cisco systems said the acquisition of the privately held Seattle-based company will bolster its home networking-management services.

The deal is expected to be complete in Cisco's fiscal first quarter, which ends in October.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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