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TMCNet: Cisco to acquire Arch Rock

[September 02, 2010]

Cisco to acquire Arch Rock

Sep 02, 2010 (TELECOMWORLDWIRE via COMTEX) -- <p>Networking company Cisco (Nasdaq:CSCO) announced on Thursday its intent to acquire Arch Rock Corporation, a provider of Internet Protocol-based wireless network technology for smart-grid applications.</p><p>The financial terms of the acquisition were not disclosed.</p><p>Cisco said Arch Rock will accelerate its ability to facilitate the utility industryaEUR(TM)s transition to an open and interoperable smart grid by enabling the company to offer a comprehensive metering infrastructure solution that is IP and open-standards based.</p><p>Arch RockaEUR(TM)s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable, secure, multi-way wireless mesh network. The acquisition complements the strategic alliance between Itron and Cisco to develop solutions that enhance smart-metering technology.</p><p>Upon the close of the acquisition, the Arch Rock team will become part of CiscoaEUR(TM)s Smart Grid business unit.</p><p>The acquisition is expected to be completed in the second half of calendar year 2010, subject to closing conditions.</p> Comments on this story may be sent to tww.feedback@m2.com

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