Electronics Production | May 20, 2010
Cisco buys product design company
Cisco has acquired privately held Moto Development Group, a design consulting firm that develops products and product strategies for the consumer industry.
Moto will enable Cisco to rapidly enhance its consumer product development road map. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco's fiscal year 2010. Upon the closing of the acquisition, Moto employees will become part of the Cisco Consumer Products team led by Kaplan.