
Cisco (NASDAQ: CSCO) is to acquire Fluidmesh Networks, a NYC-based provider of wireless backhaul systems.
The amount of the deal – expected to close in the fourth quarter of Cisco’s fiscal year 2020, subject to customary closing conditions and required regulatory approvals – was not disclosed.
Fluidmesh will extend Ciscoâs industrial wireless offerings to industries with on-the-move assets and applications in situations where reliable backhaul is mission critical. Ciscoâs scale, combined with Fluidmeshâs solution-based offerings and relationships with systems integrators, will accelerate Ciscoâs industrial IoT business to enable industrial wireless deployments, broaden reach to key customer segments, partners, and end users.
Fluidmeshâs technology delivers wireless solutions for mission critical applications, whether itâs high-speed rail and mass transit or large-scale distributed sites such as ports and urban settings where signal strength can be challenging. They are considered quick to deploy and configure.
The Fluidmesh team will join Ciscoâs IoT business.
FinSMEs
09/04/2020