Feeds

Cisco gobbles up Parc Technologies

$9m for UK university spin-off

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Cisco has agreed to pay $9m for Parc Technologies, a small UK business spun out of Imperial College London's (IC) search algorithm research centre. Cisco expects the acquisition to close in the first financial quarter of 2005.

The company was founded in 1999 to exploit the technologies researchers were developing at IC. The researchers were working on constraint programming, described by Eugene C. Freuder as "the closest approach computer science has yet made to the Holy Grail of programming".

According to Martin Müller, an associate professor of computer science at the University of Alberta, constraint programming is a way of solving computationally hard problems. Parc's solutions use constraint programming to solve otherwise impossible network routing problems. The company has developed a variety of optimisation tools and traffic engineering solutions based on the research.

In 2001, Parc managed to secure $23m in additional funding, with a substantial portion of that cash coming from Cisco. Under the terms of this latest deal, Cisco will pay approximately $9m in cash for all outstanding shares.

Once the acquisition closes, Parc CEO Gideon Agar will report to Cliff Meltzer, senior vice president of Cisco's Network Management Technology Group. ®

Related stories

Cisco unveils monster router
Cisco buys software backup firm
Cisco sued in Wi-Fi patent clash

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
IT crisis looming: 'What if AWS goes pop, runs out of cash?'
Public IaaS... something's gotta give - and it may be AWS
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
BT claims almost-gigabit connections over COPPER WIRE
Just need to bring the fibre box within 19m ...
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.