Cisco plans to acquire the Hills’ distributed wireless backhaul manufacturer, Fluidmesh Networks, for an undisclosed sum, with the acquisition to be completed in Q4.
Cisco today announced the intent to acquire privately-held Fluidmesh Networks, a leader in wireless backhaul systems. “With wireless technology playing a greater role in every organization’s multi-access IoT strategy, reliable wireless connectivity is paramount to organizations operating Industrial IoT environments, whether that’s manufacturing, mining, rail, or ports, where wireless technology automates operations to improve safety and lower costs.
Fluidmesh’s leading technology delivers reliable and resilient wireless solutions for mission critical applications, whether it’s high-speed rail and mass transit or large-scale distributed sites such as ports and urban settings where signal strength can be challenging. Cisco Systems (CSCO +3.8%) has announced it will acquire Fluidmesh Networks, which delivers wireless backhaul solutions.Terms weren't disclosed. Cisco Systems revealed plans to acquire Fluidmesh Networks, a maker of wireless backhaul systems, the companies announced on Monday. Fluidmesh’s leading technology delivers reliable and resilient wireless solutions for mission critical applications, whether it’s high-speed rail and mass transit or large-scale distributed sites such as ports and urban settings where signal strength can be challenging.
Cisco has announced its intent to acquire privately-held Fluidmesh Networks, a leader in wireless backhaul systems. They are considered quick to deploy and configure.Fluidmesh will extend Cisco’s industrial wireless offerings to industries with on-the-move assets and applications in situations where reliable backhaul is mission critical. Fluidmesh’s solutions are quick to deploy and configure, offering customers a cost-efficient, low-maintenance solution. The acquisition will:Acquisition to strengthen Cisco's wireless solutions for the industrial Internet of ThingsSAN JOSE, Calif. – April 6, 2020 – Cisco (NASDAQ: CSCO) today announced the intent to acquire privately-held Fluidmesh Networks, a leader in wireless backhaul systems. Fluidmesh’s leading technology delivers reliable and resilient wireless solutions for mission critical applications, whether it’s high-speed rail and mass transit or large-scale distributed sites such as ports and urban settings where signal strength can be challenging. Cisco’s scale, combined with Fluidmesh’s solution-based offerings and relationships with systems integrators, will accelerate Cisco’s industrial IoT business to enable industrial wireless deployments, broaden reach to key customer segments, partners, and end users.The Fluidmesh team will join Cisco’s IoT business.The amount of the deal – expected to close in the fourth quarter of Cisco’s fiscal year 2020, subject to customary closing conditions and required regulatory approvals – was not disclosed.REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS Cisco announced today it has completed the acquisition of Fluidmesh Networks, a leader in resilient wireless backhaul solutions; Cisco to use Fluidmesh’s products to support business resiliency for the growing demand of wireless in mission critical applications and on-the-move assets SAN JOSE, Calif. – April 6, 2020 – Cisco (NASDAQ: CSCO) today announced the intent to acquire privately-held Fluidmesh Networks, a leader in wireless backhaul systems. Fluidmesh’s technology delivers wireless solutions for mission critical applications like high-speed rail, mass transit and large-scale distributed sites such as … Fluidmesh’s technology aims to provide zero loss of data transfer when assets such as … Fluidmesh’s technology delivers wireless solutions for mission critical applications, whether it’s high-speed rail and mass transit or large-scale distributed sites such as ports and urban settings where signal strength can be challenging.
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