Belkin is to acquire Cisco’s Home Networking Business Unit, including its products, technology, Linksys brand and employees.
“We’re very excited about this announcement,” said Chet Pipkin, CEO of Belkin. “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 realising that vision.”
Belkin intends to maintain the Linksys brand and will offer support for Linksys products as part of this transaction. Belkin will account for approximately 30 per cent of the US retail home and small business networking market.
“With complementary innovation and engineering strategies in the combined organisation, Belkin will be able to create new opportunities for consumers, distribution partners and resellers, and will have the strongest retail presence in the US networking marketplace. Belkin also will have access to a large installed base that will be able to upgrade their networking environment to take advantage of new technologies in the smartphone, tablet, notebook and home automation arenas,” Pipkin said. “Additionally, Linksys will enhance Belkin’s capabilities to meet the needs of the service provider space and small business users.”