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Cisco to buy CAIS software unit

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CIOL Bureau
New Update

SAN JOSE: Cisco Systems Inc., maker of Internet networking equipment, said

Friday that it has agreed to buy CAIS Software from CAIS Internet Inc. for $170

million in cash and Cisco stock.

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CAIS Software offers software applications for companies to manage high-speed

Internet services in hotels, apartments, airports and office buildings.

The business is expected to complement Cisco's DSL, Ethernet, cable and

wireless network services.

Cisco said it expects to record a charge of up to 1 cent a share for

purchased in-process research and development of the 65-employee CAIS unit.

(C) Reuters Limited 2000.

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