Cisco snaps up NetSolve

NetSolve's core services include the monitoring and management of IP communications networks, security software and devices, WANs and LANs. In addition, NetSolve offers a web-based portal to provide customers and partners with real-time monitoring.

According to the networking giant, NetSolve's acquisition will allow it to offer customers real-time monitoring of Cisco products and help ensure continuous, secure operation of IP services such as IP telephony.

Cisco will offer these services to its partners via a resale model, a wholesale Application Service Provider (ASP) model, or via its Advanced Technology Partner program.

"As more businesses deploy secure converged networks with data, voice and video applications, creating and maintaining a healthy network infrastructure is essential to the successful deployment and operation of IP-based technologies," said Wim Elfrink, senior vice president, Customer Advocacy, Cisco Systems.

Under the terms of the agreement, Cisco will pay a fixed price per share of $11 for all outstanding shares of NetSolve. The deal is expected to close in the second quarter of Cisco's fiscal year 2005.

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