Cisco, a maker of computer networking equipment, said Thursday that it plans to buy software company Composite Software for about $180 million, adding to its services for businesses.
Composite, based in San Mateo, Calif., is a privately held company whose software helps businesses quickly gather and comb through data. Cisco sells routers, switches, software and services to corporate customers and government agencies around the world.
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The deal is expected to close in the first quarter of fiscal 2014.
Shares of San Jose, Calif.-based Cisco fell 22 cents to $24.47 in morning trading.
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