Cisco Sees Greenfield Opportunity
Financial terms of the deal weren't disclosed. Cisco said it plans to integrate Greenfield's technology with its family of Metro Ethernet switches. Greenfield's portfolio includes the Packetry and Packetry II processor families.
The acquisition is expected to be finalized during Cisco's current fiscal quarter, which closes at the end of January. The Greenfield team and product portfolio will become part of Cisco's Ethernet and Wireless Technology Group.
Greenfield was founded in 2000 and has 60 employees. The Sunnyvale, Calif.-based vendor is headed by President and CEO Bill Rossi, who joined the company a year ago. Rossi previously served as vice president and general manager of Cisco's wireless networking business unit.
Cisco also is in the process of acquiring mobile software vendor Orative in a $31 million deal disclosed Oct. 26 that will help the San Jose, Calif.-based networking giant integrate cell phones with its VoIP platform.
And last week, Cisco announced record results for its first quarter, including earnings growth of nearly 28 percent and revenue growth of nearly 25 percent, fueled by strong sales of wireless and VoIP technology.