Cisco Deal Boosts Opnet - TheStreet


(OPNT) - Get Report

surged 24% Wednesday after inking a multiyear distribution pact with


(CSCO) - Get Report


Terms weren't disclosed, though Opnet chief Marc Cohen said the deal "establishes Opnet's first significant indirect sales channel."Cisco will distribute a broad range of Opnet's advanced software products. Opnet and the Cisco Network Management Technology Group will also collaborate on new network management solutions.

Opnet, based in Bethesda, Md., makes management software for networks and applications.

"Opnet's advanced analytical applications can help our customers plan and operate their networks more easily," said Cisco's Cliff Meltzer. "We look forward to providing new tools that support our strategy of self-monitoring and self-adjusting networks that meet our customers' business objectives."

Early Wednesday, Opnet rose $1.67 to $8.83, and Cisco slipped 13 cents to $18.12.