Cisco Acquires Consumer Device Design Firm, Moto

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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