Cisco Acquires Consumer Device Design Firm, MotoBy eWEEK Staff | Posted 2010-05-19 Email Print
Cisco's buy of Moto Development Group is yet a further signal of the networking giant's efforts to play in the consumer space. Moto helps vendors design devices for the consumer market, including Cisco's Flip video camera.
Cisco Systems is continuing its push into the consumer space with the acquisition of Moto Development Group, a privately held company with a history of helping create consumer devices, including Cisco's Flip video camera.
Cisco officials said Moto's 35-member team will complement Cisco's own consumer business and enhance its product road map. The consumer space is one of 30 markets that Cisco has targeted for expansion.
Financial terms of the deal, which was announced May 18, were not disclosed.
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