Cisco to Acquire Wireless Tech Firm for $155 Million in Stock

Cisco(CSCO Quote) signed a definitive agreement to acquire privately held ExiO Communications in an all-stock deal worth about $155 million.

ExiO, which is based in San Jose, Calif., develops in-building, wireless technologies for corporate networks based on standard, code division multiple access technologies. The company has 38 employees.

Cisco expects to record a charge of about 1 cent a share from the purchase, which the company expects to close in the third fiscal quarter. Analysts expect the company to earn 20 cents a share in the period, according to First Call/Thomson Financial.

Shares of Cisco were recently trading up 56 cents, or 1.1%, to $51.75 in Nasdaq trading.