BWW Geeks World

Breaking News: Belkin Acquires Linksys from Cisco!

January 24
8:04 2013
Breaking News: Belkin Acquires Linksys from Cisco!

Belkin, has just announced that it has entered into an agreement to acquire Cisco's Home Networking Business Unit, including its proven products, technology, well-known Linksys brand and talented employees. With global operations, Linksys' main office is located in Irvine, Calif.

"We're very excited about this announcement," said Chet Pipkin, CEO of Belkin. "Our two organizations share many core beliefs - we have similar beginnings and share a passion for meeting the real needs of our customers through the strengths of an entrepreneurial culture. Belkin's ultimate goal is to be the global leader in the connected home and wireless networking space and this acquisition is an important step to realizing that vision."

Belkin intends to maintain the Linksys brand and will offer support for Linksys products as part of this transaction. All valid warranties will be honored by Belkin for current and future Linksys products. After the transaction closes, Belkin will account for approximately 30 percent of the U.S. retail home and small business networking market.

"Linksys pioneered wireless connectivity capability around the globe, and has a strong brand renowned for its premium market position, the strength of its installed base and its proven dependability. Linksys users benefit from peace of mind in their home networking environment. At Belkin we have developed great insight into consumer needs, and the experiences, solutions and products we bring to the market, including our WeMo home automation platform, will help us to grow Linksys' market presence," Pipkin said.

"Linksys is one of the leading home networking providers and has created a market-leading suite of products and services to meet customer needs," said Hilton Romanski, VP Corporate Business Development, Cisco. "While part of Cisco, Linksys has continuously innovated, while strengthening the brand and expanding its market leadership. As part of Cisco's commitment to service providers, we are pleased about this strategic relationship with Belkin to build on Linksys' position of strength."

Related Links
Linksys First To Ship The Most Powerful Home Wireless Solutions Leveraging Next Generation Wi-Fi, MU-MIMO And Seamless RoamingLinksys First To Ship The Most Powerful Home Wireless Solutions Leveraging Next Generation Wi-Fi, MU-MIMO And Seamless Roaming
May 26, 2016
Video Conferencing Endpoint Consumption Global Market Research Report 2016Video Conferencing Endpoint Consumption Global Market Research Report 2016
May 25, 2016
Stealth Start up Javelin Networks named a Cool Vendor by GartnerStealth Start up Javelin Networks named a Cool Vendor by Gartner
May 25, 2016
Uponor and Belkin International partner to create Phyn - new intelligent water companyUponor and Belkin International partner to create Phyn - new intelligent water company
May 25, 2016
COMPUTEX 2016 Opens Next Week with Expanded Global Presence, New Exhibit Themes, and Accommodations and Services for ICT BuyersCOMPUTEX 2016 Opens Next Week with Expanded Global Presence, New Exhibit Themes, and Accommodations and Services for ICT Buyers
May 25, 2016


About Author

   Subscribe to Author Alerts

GEEKS VIDEOS



Become a Fan, Follower & Subscriber

           Facebook Like Follow