Cisco make another accquistion – UK Firm Parc Technologies

Cisco are continuing their spending spree..
Cisco Systems reported that it signed a definitive agreement to purchase all privately held shares of Parc Technologies Ltd.
The London based provider of engineering and software for routing optimization will be sold for $9 million in cash, reported Forbes.
The deal will close in Cisco’s 2005 fiscal year; at that time Parc Technologies’ team of engineers will report to Cliff Meltzer, Senior Vice President of Network Management Technology Group at Cisco.
Parc Technologies provides server alogrithms that solve network routing problems and reduce expenses of its clients.
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