Cisco Nabs Net Content Delivery Firm Cisco Nabs Net Content Delivery Firm Paul Jones
Continuing its spree buying up a variety of Net companies, Cisco Systems Inc. Wednesday shelled out $800 million for privately-held Web content delivery provider SightPath Inc.
The deal is a stock purchase that will be accounted for as a pooling of interests and is expected to close in the fourth quarter of this year.
For Cisco, which in recent months has coughed up billions of dollars on Net appliance and technlogy firms, SightPath will add appliances for creation of content delivery networks. SightPath's products, coupled with Cisco's Net infrastructure, will make it easier for Cisco customers to offer applications and services such as e-learning, live streaming media, and high reliability hosting.
