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Cisco buys router optimization developer

Posted: 13 Jul 2004 ?? ?Print Version ?Bookmark and Share

Keywords:parc technologies? routing? software? multiprotocol label switching?

Cisco Systems Inc. is paying about $9 million for privately-held Parc Technologies Ltd, which specializes in traffic engineering systems and software for routing optimization.

Cisco already had a significant stake in the company, based here, which was spun off from a renowned center for research into search algorithms based at Imperial College, University of London.

The acquisition is expected to close in Cisco's first fiscal quarter in 2005.

Cisco will gain Parc's route server software for primary and backup multiprotocol label switching, or MPLS, tunnel placement along with specialized hybrid optimization algorithm development platforms. Initially, Parc's technology will be used by Cisco in the planning and optimization of MPLS platforms.

"Cisco and Parc together have created a market leading MPLS traffic engineering planning and optimization application that brings immediate value to Cisco's customers," said Cliff Meltzer, senior VP for Cisco's Network Management Technology Group.

The Parc team, led by CEO Gideon Agar, will report to Meltzer.

- John Walko

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