BWW Geeks World

Breaking News: Belkin Acquires Linksys from Cisco!

Related: Belkin, Linksys, Cisco
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."

Comment & Share

Related Links
Marketo Announces Revenue Growth of 60% for Second Quarter 2014Marketo Announces Revenue Growth of 60% for Second Quarter 2014
July 24, 2014
Long View Earns Coveted Cisco Gold Certified Partner Status in the United StatesLong View Earns Coveted Cisco Gold Certified Partner Status in the United States
July 24, 2014
E2open Named 2014 Great Supply Chain Partner by SupplyChainBrainE2open Named 2014 Great Supply Chain Partner by SupplyChainBrain
July 24, 2014
Tegile Systems Recognized by CRN as a 2014 Emerging VendorTegile Systems Recognized by CRN as a 2014 Emerging Vendor
July 24, 2014
Global Knowledge Introduces Training for Red Hat Enterprise Linux 7Global Knowledge Introduces Training for Red Hat Enterprise Linux 7
July 24, 2014


About Author

Subscribe to Author Alerts

Become a Fan, Follower & Subscriber