Cisco Expands Its Internet of Things Presence With Fluidmesh Deal
Cisco (NASDAQ: CSCO) recently agreed to buy Fluidmesh Networks, a privately-held provider of wireless backhaul solutions, for an undisclosed sum. Wireless backhaul services "haul" data from devices, including IoT (Internet of Things) gadgets on the edges of networks, back toward a network backbone.
Cisco says Fluidmesh's technology provides "zero loss of data transfer within high-speed assets including rail, subways, public transit, and ports." It claims the acquisition will strengthen its industrial IoT business by broadening its reach across "key customer segments, partners, and end users." Cisco expects the deal to close in the fourth quarter of 2020.
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Source Fool.com
