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Belkin acquires Cisco's Home Networking division, includes Linksys

Belkin purchases Cisco's Home Networking division, allows them to leave the consumer space

| Business, Financial & Legal News | Posted: Jan 25, 2013 4:29 am

Belkin have just announced that they have plans to acquire's Cisco's Home Networking Business Unit, which includes all of its products, technology, employees and even Linksys. Belkin have said that they will maintain the Linksys brand and will continue to offer support for Linksys products.

 

TweakTown image news/2/8/28098_07_belkin_acquires_cisco_s_home_networking_division_includes_linksys.jpg

 

Support will include honoring warranty for all valid products under the Linksys umbrella, as well as future products. Once the deal is closed, Belkin will account for around 30% of the US retail home and small business networking market. It has worked out well for Cisco, who was looking to exit the consumer space and Belkin who are looking to juice up their presence in the consumer space scooping up Linksys and various other parts of Cisco's business will only help them achieve their goals.

NEWS SOURCE
Thenextweb.com

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