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July 26, 2005 | Comments: (0)
Cisco snaps up Sheer to bolster network management
Cisco Systems, always on the lookout for hot, new companies, said it has agreed to acquire Sheer Networks, which makes software designed to help service providers and large enterprises manage complex networks.
Sheer Networks makes a product called Sheer DNA, or Dynamic Network Abstraction, which creates a real-time, virtual representation of an actual network. This is supposed to make it easier to manage complex networks that include multiple domains and equipment from multiple vendors, IDG News Service reported.
"We are continuously investing in our business to meet our customers' needs and the Sheer Networks acquisition will strengthen our ability to provide innovative and effective network management solutions," Cliff Meltzer, senior vice president for Cisco's Network Management Technology Group, said in a statement.
"Our blueprint for Cisco network management includes a common services platform on which applications are delivered and the ability to support management applications from Cisco and other vendors," Meltzer added. "Sheer has a similar philosophy and parallel architecture which will accelerate our delivery of Cisco's next generation management platform and advanced applications to our Service Provider customers."
Cisco will pay about $97 million in cash and assumed options for the privately held company, which is based in San Jose, Calif. The price my increase by up to $25 million if Sheer Networks reaches certain development and product milestones, Cisco said.
The acquisition will flesh out Cisco's network management offerings for service providers and large businesses, Cisco said. It plans to build on Sheer Net-works' technology to develop device, network and service-level management appli-cations that work with multi-vendor networks, it said.
Sheer Networks' staff will become part of Cisco's Network Management Technology Group. The company was founded in 1999 and has 100 employees in San Jose and in Petach Tikva, Israel.
Posted by Jack McCarthy on July 26, 2005 04:40 PM
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