Strategic acquisitions are the most important means of growth for any business, and it is one of the biggest decisions a business owners would make. After all, the future of their company rides on this one decision. This strategy is designed to guide how a business is executed over its entire lifespan.
With this said, Cisco Systems revealed plans to acquire Fluidmesh Networks, a maker of wireless backhaul systems, the companies announced on Monday.
Privately-held Fluidmesh Networks is experienced in manufacturing hardware and software of wireless point-to-point networks and wireless mesh networks. Together, the two companies will build on Cisco's industrial IoT strategy with the addition of Fluidmesh's wireless technology that can reach critical, on-the-move IoT applications.
The financial terms of the deal are not yet disclosed.
Founded by researchers from the Massachusetts Institute of Technology (MIT) and the Politecnico of Milan, Italy. Fluidmesh goal is to reliably deliver fiber-like performance via unlicensed wireless spectrum to provide connectivity for mission critical video, voice, and data.
Fluidmesh's technology will extend Cisco’s industrial wireless offerings to industries that rely heavily on backhaul for their IoT applications, such as high-speed rail and subway transit, as well as large-scale distributed sites such as ports and urban settings where signal strength can be challenging, the two companies said.