Cisco Acquires MaintenanceNet For $139 Million [5th Acquisition Of 2015]July 8, 2015 2015-07-08 9:17
Cisco Acquires MaintenanceNet For $139 Million [5th Acquisition Of 2015]
Cisco has announced that it is acquiring MaintenanceNet, the maker of software that tracks warranty customers and service agreements, for a sum of $139 million.
The deal includes cash for the company as well as retention-based incentives for executives according to a Cisco blog post.
MaintenanceNet has been a vendor of Cisco since 2009 and its tracking software can be used by a manufacturer’s resellers which Cisco has many of.
The announcement comes just weeks after news of Cisco buying software maker OpenDNS for $635 million broke. So far, the company has acquired 5 firms since the start of 2015.