Sunday, December 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung, LG Gear Up Towards CES
PlayStation Network Back Online
North Korea Blames U.S. for Recent Internet outages
Anonymous Declares War on Lizard Squad Hacker Team Who Took Down Playstation And Xbox Networks
Amazon Had 10 million New Prime Members Over Holidays
Toshiba Develops Glasses-Free UHD 2D-3D Switching Display
Kodak To Debut Android Mobile Devices at CES 2015
Panasonic at CES 2015
Active Discussions
video card
Cable Modem, split to Tv.
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
 Home > News > PC Parts > Belkin ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 25, 2013
Belkin To Buy Linksys


Belkin has entered into an agreement to acquire Cisco?s Home Networking Business Unit, including its proven products, technology, Linksys brand and employees.

With global operations, Linksys' main office is located in Irvine, Calif.

"We're very excited about this announcement," said Chet Pipkin, CEO of Belkin. "Our two organizations share many core beliefs ? we have similar beginnings and share a passion for meeting the real needs of our customers through the strengths of an entrepreneurial culture. Belkin's ultimate goal is to be the global leader in the connected home and wireless networking space and this acquisition is an important step to realizing that vision."

Belkin intends to maintain the Linksys brand and will offer support for Linksys products as part of this transaction. All valid warranties will be honored by Belkin for current and future Linksys products. After the transaction closes, Belkin will account for approximately 30 percent of the U.S. retail home and small business networking market.

Belkin and Cisco intend to develop a strategic relationship on a variety of initiatives including retail distribution, strategic marketing and products for the service provider market.

With the sale, Cisco sheds one of the last remaining pieces of its consumer business, following the shutdown of the Flip video camera business in 2011. Earlier this month, Cisco said it would shutter its Umi online video-conferencing service.

Cisco entered the home networking business 10 years ago with its $500 million stock acquisition of the Linksys Group in March 2003.

Specific financial terms of the transaction are undisclosed. The transaction is subject to various standard closing conditions and is expected to close in March 2013.


Previous
Next
Samsung Posts Strong Q4 Profit        All News        Sony Entertainment Network Online Store Now Available in the United States, Canada, Mexico and Brazil
AMD 'Richland' APU Information Leaked     PC Parts News      Ramos Introduces 9.4-inch Android Tablet Powered by Samsung's Exynos chip

Get RSS feed Easy Print E-Mail this Message

Related News
Cisco Wants To Analyze Everything
Toshiba and Cisco To Collaborate In Internet of Things Solutions
Belkin Announces New Thunderbolt 2 Express Dock HD for Mac and PC Computers
Video To Consume Most Internet Traffic In The Near Future
Cisco To Invest $150 million To Start-ups
Cisco Network Equipment To Support The OpFlex Protocol
Cisco Makes Gigabit Wi-Fi More Affordable
Cisco To Spend $1 billion On Cloud Computing Service
Cisco Reaches Agreement With Innovatio
Cisco and Samsung Enter Patent Cross-License Agreement
Cisco Forecast Nearly 11-Fold Increase in Global Mobile Data Traffic from 2013 to 2018
Google And Cisco Sign Licensing Deal

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .