Thursday, September 2, 2010

Cisco Buys Arch Rock

San Jose-based Cisco announced this morning that it is buying Arch Rock Corporation, a developer of wireless network technology for smart grid applications. Financial terms of the buy were not disclosed. Arch Rock, which is based in San Francisco, develops Internet Protocol-based wireless mesh networking technology. Cisco said the acquisition would complement its recently announced joint development agreement with Itron, a maker of smart meters. Arch Rock's team will become part of Cisco's Smart Grid business unit. Arch Rock was venture backed by Intel Capital, New Enterprise Associates, and Shasta Ventures. More information »