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CISCO IS BUYING AGAIN: ACQUIRES LIGHTWIRE IN FIRST DEAL OF 2012

Julie Bort
2012-02-24T18:54:29Z
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THIS STORY IS AVAILABLE EXCLUSIVELY TO INSIDER SUBSCRIBERS. BECOME AN INSIDER
AND START READING NOW.

Cisco Systems today announced plans to buy Lightwire in a deal valued at $271
million.

This marks the first acquisition for Cisco in 2012, just weeks after CEO John
Chambers told investors that the company planned to start shopping for small
companies again.

Lightwire brings to Cisco optical technology which is the stuff for the
next-generation of super fast networks.

After the sale, Lightwire will be melded into Cisco's Transceiver Modules Group
Business Unit (try saying that three-times fast) and Supply Chain Operations
Group. It builds on Cisco's 2010 acquisition of CoreOptics, the company said.

The deal is expected to close in the third quarter.

Get the latest Cisco stock price here.

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