Cisco has agreed to acquire privately-held Fluidmesh Networks, a supplier of wireless backhaul systems.
Cisco did not reveal financial details.
Fluidmesh Networks develops wireless systems for security, industrial, and mission-critical applications. Its wireless products are the enablers of outdoor and large-scale applications of the Internet-of-Things: smart cities, urban video-surveillance, connected vehicles and trains, and industrial automation.
The target markets of Fluidmesh Networks are municipalities, industrial plants, schools, seaports and marinas, archaeological sites, resorts, theme parks and racing tracks.
Fluidmesh Networks was founded in August 2010 by Andrea Orioli, Umberto Malesci, and Cosimo Malesci and is based in Buffalo Grove, Illinois, the United States, according to Crunchbase report.
Cisco aims to expand industrial wireless offerings to industries with on-the-move assets and applications in situations where reliable backhaul is mission critical. Cisco’s scale, combined with Fluidmesh’s offerings and relationships with systems integrators, will accelerate Cisco’s industrial IoT business. The Fluidmesh team will join Cisco’s IoT business.
“Cisco provides one of the most secure and reliable networking technologies on the market today,” said Liz Centoni, senior vice president and general manager for Cloud, Compute, and IoT businesses. The acquisition of Fluidmesh strengthens Cisco’s offerings in this space with leading technology that’s designed to provide zero loss of data transfer at speeds in excess of 300 Km/h.”
The acquisition of Fluidmesh is expected to close in the fourth quarter of Cisco’s fiscal year 2020.
The acquisition will extend Cisco’s leadership in industrial wireless to include on-the-move applications where reliable backhaul is mission critical. Fluidmesh’s technology is designed to provide zero loss of data transfer when assets such as trains and subways are moving at high rates of speed.