Cisco says it will buy Texas-based NetSolve, a provider of remote network monitoring services for Internet Protocol telephony networks for $11 a share or some $129 million.
NetSolve (Nasdaq: NTSL) has nearly 11.7 million shares outstanding. The stock closed at $8.90 on Thursday.
NetSolve provides remote network and IT infrastructure management services for businesses. Cisco said NetSolve technology will enable it and its channel partners to offer real-time monitoring of Cisco products to customers.
NetSolve handles management of IP communications, security software and devices, and networks.