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Cisco to buy Starent for $2.9bn
- Middle East: Wednesday, October 14 - 2009 at 12:54
Cisco has announced plans to buy mobile network infrastrucutre provider Starent Networks for $2.9bn. Starent provides carriers with equipment for multimedia intelligence, core network functions and services to manage access from any mobile or wireless network to a mobile operator's packet core network. The company is based in Tewksbury, Massachusetts and has approximately 1,000 employees worldwide. The company reported revenue of $254.1m in 2008, up 74% from the prior year.
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StaffWednesday, October 14 - 2009 at 12:54 UAE local time (GMT+4)
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