Cisco Buying NeoPath

The deal adds to its storage offerings.
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Cisco (CSCO) - Get Report says it has agreed to acquire closely-held NeoPath, a file management and network storage developer.

The deal gives Cisco more file server technology to beef up its storage and data infrastructure product offerings.

Terms of the deal were not disclosed. NeoPath is based in Santa Clara, Calif. Cisco says it expects to close the transaction by the end of April.

Cisco shares were down 11 cents to $26.06 in pre-market trading Tuesday.