Cisco Announces Intent to Acquire Pari Networks
Source: Cisco
AN JOSE, Calif. – January 26, 2011 – Cisco today announced its intent to acquire privately-held Pari Networks, a leading provider of network configuration and change management (NCCM) and compliance management solutions that will complement Cisco’s smart service capabilities. Based in Milpitas, Calif., with part of its employee base in Hyderabad, India, Pari Networks’ technology will integrate into Cisco’s smart services and help accelerate the ability of Cisco and its partners to manage the health and stability of customer networks through proactive, personalized services.
“As business functions become more reliant on devices and applications that run over their networks, customers realize that maintaining the health and performance of the network is critical,” said Joe Pinto, senior vice president of Cisco’s Technical Services. “Pari Networks will help Cisco and our partners to deliver smarter, more proactive services that help our customers to identify potential network problems before they occur and optimize the performance, management and efficiency of their networks.”
In addition to advanced technology, Pari Networks brings to Cisco an industry-leading team of engineers that will continue to build out and strengthen Cisco’s smart service capabilities. Cisco and its partners have been evolving service offerings from reactive to proactive by embedding smart service capabilities throughout professional and technical services.
Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the third quarter of Cisco’s fiscal year 2011. Upon the close of the acquisition, Pari Networks employees will be integrated into Cisco’s Technical Services.
