Cisco is on a buying spree this month. This morning it announced a $2.9 billion acquisition of mobile networking infrastructure provider Starent Networks, which follows on the heels of another $3 billion acquisition announcement two weeks go for Two weeks ago it announced the $3 billion acquisition of video video-conferencing company Tandberg.
You add $3 billion here and $3 billion there, and pretty soon you are talking about real money.
Cisco has always been a large acquirer, and the fact that it is opening its purse strings again is a good sign for tech M&A overall. But these are relatively large bets for Cisco, which needs to keep at the forefront of networking technologies. The Starent acquisition gives it a strong play in mobile data networks as carriers migrate to 3G and 4G platforms. Broadband is moving to mobile, and Cisco needs to be there.
