Realize online business Project Cisco announces first US acquisition, a $250m global technology company

Cisco announces first US acquisition, a $250m global technology company

Cisco has said it will buy a US company, Cisco Systems, for $250 million to build a new software and services company.

Cisco said the deal is subject to regulatory approval and is expected to close in the first half of 2019.

Cis is looking to expand its software and cloud offerings, and is currently expanding its operations in the US, UK, India and China.