Cisco to Buy Internet Protocol Firm P-Cube for $200 Million

Cisco Systems announced on 23 August 2004 an agreement to purchase P-Cube, a privately held Internet protocol services company based in Sunnyvale, California, for $200 million in cash and stock options.

The deal extends Cisco's reach in the Voice-over-IP telephony market, one of the fastest-growing segments in networking at the time, and also positions the company for growth in interactive gaming, video-on-demand, and peer-to-peer services.

P-Cube develops software platforms that allow Internet service providers to identify individual subscribers, classify applications by type, tune service performance, and bill customers for a range of IP offerings without requiring additional network hardware.

Cisco expects to complete the acquisition by the end of October 2004, closing within the first quarter of its fiscal year 2005. San Jose-based Cisco is the world's largest producer of networking equipment, the hardware that routes digital data across the global Internet.

Historical summary. TurkishPress restated this AFP wire report, first published in August 2004, in its own words.