Cisco to acquire Linksys Group

Cisco has announced a definitive agreement to acquire the business of The Linksys Group of California.

Linksys is a provider of home networking products with a broad line of wired and wireless products for consumers and SOHO (small office/home office) users.

This acquisition represents Cisco’s entry into the high-growth consumer/SOHO networking market.

This market is expected to grow from $3.7bn (€3.5bn) to $7.5bn (€7.1bn) in 2006 worldwide.