News

Cisco Buys SightPath

Cisco Systems Inc. has announced that it will purchase SightPath, a content delivery company.

Cisco (www.cisco.com), which briefly surpassed Microsoft Corp. (www.microsoft.com) as the world’s most valuable company, has lately been snapping up smaller Internet related companies. Their purchase of SightPath (www.sightpath.com) is only the latest in a spree that has included Compatible Systems, Growth Networks, JetCell, InfoGear, Aironet, and Atlantech this month.

The transaction is valued at about $800 million. Cisco will exchange stock for the outstanding shares of SightPath. Cisco hopes to complete the deal by the end of the fourth quarter. - Christopher McConnell

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Dell Slashes 6650 Jobs

    Dell is cutting five percent of its workforce (6,650 jobs), the company announced on Monday.

  • Microsoft Committed to Mixed Reality and HoloLens 2

    Microsoft is reassuring the public that it still is focused on mixed-reality products, including Microsoft Mesh and the HoloLens 2 headset.

  • ChatGPT Integration Added to Microsoft Viva Sales

    Microsoft announced on Thursday that ChatGPT 3.5 AI model is now available in Microsoft Viva Sales.

  • Microsoft's AI-Driven Teams Premium Now Live

    Microsoft Teams Premium, which features OpenAI technology, is now available.