Sipura Technology Acquired by cisco/Linksys
Source: snapvoip.blogspot.com
The move signals Linksys’ and Cisco’s intention to expand their support for VoIP. The company said it is acquiring Sipura Technology for about $68 million and expects the acquisition to close by the end of July.
Linksys has released a variety of wireless routers and other equipment tuned to support VoIP services. Much of the technology built into those devices was provided by Sipura, according to the company. In a statement, Cisco noted that it expected VoIP to grow rapidly, particularly on the consumer side.
"VoIP is a strategic segment for innovation and growth for Cisco and Linksys, Charles Giancarlo, Cisco CTO and Cisco-Linksys president, said in a statement. "The acquisition of Sipura will augment Linksys’ leading position in the rapidly growing VoIP market and is an example of Linksys’ strategy to increase internal R&D capabilities in specific product categories."
