Cisco aims to sell Linksys

The supplier network comes from Barclays Bank hurry to find a buyer for its subsidiary Linksys specializes in networking equipment for the general public. cisco aims to sell linksys

Bloomberg reports that the information indicates that the Linksys unit would be of interest to manufacturers of televisions in search of a brand and network technologies with good recognition. However, the value of the Linksys is now less than $ 500 million was paid for the Cisco acquisition 10 years ago.

In the wake of resale Flip 2009

In doing so, a little more Cisco affirm its new strategy to get out of consumer markets to strengthen in software and services for businesses. From 2011, Cisco had already separated nearly 8000 employees and put an end to the activity Flip, small video camera yet won a great success and was acquired by Cisco in 2009 for $ 590 million.

Furthermore Linksys, Cisco also has manufacturing activity set top box maker Scientific Atlanta thus q Software – NDS Group – which develops for BSkyB and DirecTV CanalPlus. The acquisition of NDS dated last July for $ 5 billion.

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