May 28, 2020 / 8:58 PM / 2 months ago

Cisco to acquire software firm ThousandEyes

FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante

(Reuters) - Cisco Systems Inc (CSCO.O) has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday.

The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources.

Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Soni

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