Cisco Announces Intent To Acquire Accedian; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cisco announces its intent to acquire Accedian, a network performance monitoring partner that enables seamless operation of service provider transport and 5G networks. The acquisition is expected to close during the first quarter of Cisco's FY24.
June 21, 2023 | 8:27 pm
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Cisco's acquisition of Accedian is expected to strengthen its network performance monitoring capabilities and enhance its 5G network offerings.
The acquisition of Accedian will directly benefit Cisco by enhancing its network performance monitoring capabilities and expanding its 5G network offerings. This will likely make Cisco more competitive in the market and could lead to increased demand for its products and services, potentially driving its stock price up in the short term.
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