Cisco (CSCO) to Buy Fluidmesh Networks to Boost IoT Portfolio

Cisco Systems CSCO recently announced its plans to acquire New York-based wireless tech company — Fluidmesh Networks.

Fluidmesh Networks provides high-speed wireless connectivity to ensure enhanced productivity and safety for its clients across industries like railways, mining and ports.

Notably, Fluidmesh’s wireless solutions are able to prevent loss of data even at extremely high speeds, especially in the railways sector where trains move at speeds of more than 300 Km/H.

The acquisition of Fluidmesh is expected to strengthen Cisco’s Industrial IoT portfolio and enable it to address the growing demand for IoT based solutions in the market. Nevertheless, the financial terms of the deal have been kept under wraps. The deal is expected to be completed by fourth quarter of fiscal 2020.

Notably, shares of Cisco have declined 13.6% year to date compared with the industry’s decline of 18.8% in the same time frame.

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Fluidmesh Buyout to Give Competitive Edge

Cisco’s strengthened portfolio from its acquisition of Fluidmesh is likely to expand its foothold in the Industrial IoT (IIoT) market, which per MarketsandMarkets data, is expected to witness a CAGR of 7.4% between 2020 and 2025.

Notably, technological advancements in semiconductor and electronic devices as well as increased use of cloud computing platforms are expected to drive growth in the IIoT industry.

Moreover, the company is likely to gain a competitive edge in IIoT where it is facing stiff competition…

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