Optics sector news website Light Reading estimates giant communication equipment provider Cisco Systems (Nasdaq:CSCO) is looking into buying the Israeli startup Voltaire to help it enter the InfiniBand market.
"Cisco cannot let InfiniBand slip away, and it is likely to buy a company in the field once it enters that sector," Voltaire's director of marketing Asaf Somekh, told Light Reading. Somekh would not disclose when the company expected to begin negotiations regarding possible acquisition by Cisco, but said Cisco was following Voltaire¿s product development process closely.
Cisco CEO John Chambers said Tuesday that the company, which has $19 billion in its till, may acquire 8 to 12 small companies this year. The acquisition would add products and services in demand from Cisco customers to Cisco's product basket.