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April 20, 2005

Cisco Buys Topspin for $250 Million

Cisco Systems (cisco.com) announced on Thursday that it had entered into a definitive agreement to acquire Topspin Communications (topspin.com), a developer of server fabric switches, for $250 million in cash and options. Topspin and its 135 employees, split between California and India, will join Cisco's data center, switching and wireless technology group, led by senior vice president Luca Cafiero.

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06:01 AM in News | Permalink