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Cisco acquires CAISsoft high-speed Internet provisioning/management software for $170 million

Cisco Systems has agreed to buy CAIS Software from CAIS Internet for $170 million in cash and Cisco stock.

CAIS Software offers software applications for companies to manage high-speed Internet services in hotels, apartments, airports and office buildings.

The business is expected to complement Cisco's DSL, Ethernet, cable and wireless network services.

Cisco said it expects to record a charge of up to 1 cent a share for purchased in-process research and development of the 65-employee CAIS unit. The deal is expected to close in the second quarter of 2001.

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