Cisco is intending to acquire outdoor wireless Ethernet radio network and solutions provider Fluidmesh Networks, according to a press release on the company’s website. The acquisition is expected to close in the fourth quarter of Cisco’s fiscal year 2020, subject to customary closing conditions and required regulatory approvals.
In the company’s official press release, Cisco’s Senior Vice President and General manager for Cloud, Compute, and IoT Liz Centoni stated: “Cisco provides one of the most secure and reliable networking technologies on the market today. With wireless technology playing a greater role in every organization’s multi-access IoT strategy, reliable wireless connectivity is paramount to organizations operating Industrial IoT environments, whether that’s manufacturing, mining, rail, or ports, where wireless technology automates operations to improve safety and lower costs. The acquisition of Fluidmesh strengthens Cisco’s offerings in this space with leading technology that’s designed to provide zero loss of data transfer at speeds in excess of 300 Km/h.”
Cisco plans to use Fluidmesh’s technologies to boost its wireless and industrial Internet of Things (IoT) solutions. Fluidmesh’s technologies can provide zero loss of data transfer at speeds in excess of 300 Km/h. Under the terms of the acquisition, the Fluidmesh team will join Cisco’s IoT business.
In a page on its website discussing the acquisition, Fluidmesh Networks said: “As a new chapter in Fluidmesh history is about to begin, we would like to thank our world-class team, devoted customers, and all of our supporters for their constant encouragement and dedication to making Fluidmesh a success. We are looking forward to continuing our journey with you as we enter our next phase of our company’s growth. Our commitment is stronger than ever during these exciting times.”
Learn more about the Fluidmesh Networks acquisition here.