Cisco hungry for acquisitions in 2009 | Startup Meme - Unofficial Facebook Guide
Jan 10 2009

Cisco hungry for acquisitions in 2009

Shoaib Hashmi 

Cisco-

Last year the number of acquisitions in the Silicon Valley were not as much as they were in 2007. Cisco only acquired four companies in 2008, which was down from 14 in 2007. This year things are going to change. According to Cisco’s CEO, John Chambers, the company has been aggressive when it comes to acquisitions in the downturns because this is the best time for it.

The company has around $27 billion to spend, so most probably we will see a number of acquisitions in 2009. Acquiring the right startup and making it profitable would be the challenges for Cisco now.

Comments