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Cisco Expands Further Into Software With ThousandEyes Acquisition

TheMotleyFool

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Cisco Expands Further Into Software With ThousandEyes AcquisitionPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Cisco Systems (NASDAQ: CSCO) has inked a deal to acquire ThousandEyes, a privately held cloud software company hailing out of San Francisco, in an effort to expand its software business.

Terms of the deal were not disclosed, but Bloomberg reports that Cisco is paying close to $1 billion. ThousandEyes was last valued at $670 million.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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