Cisco this morning announced its intent to acquire privately-held Arch Rock, which specializes in IP-based wireless sensor network technology with a focus on energy and environmental monitoring and Smart Grid applications.

Financial terms of the transaction are not being disclosed.

Based in San Francisco, Arch Rock will help Cisco accelerate the company’s ability to facilitate the utility industry’s transition to an open and interoperable smart grid and enable Cisco to offer a fully IP and open-standards based advanced metering infrastructure solution.

Arch Rock’s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable multi-way wireless mesh network. The acquisition complements the recently announced strategic alliance between Itron and Cisco to develop solutions that enhance smart-metering technology.

Upon the close of the acquisition, which is expected to follow in the second half of calendar year 2010 pending regulatory approvals, the Arch Rock team will become part of Cisco’s Smart Grid business unit.

Arch Rock raised $15 million in venture capital from New Enterprise Associates, Intel Capital and Shasta Ventures.

CrunchBase Information
Arch Rock Corporation
Cisco

Crunch Network: CrunchBase the free database of technology companies, people, and investors



Resources
Post Your Resume to 65+ Job Sites
Resume Service

Post to Twitter Tweet This Post


Popular Tags:
 power systems   financial transaction   purposes   calendar years   mergers   Intel Corporation   San Francisco   intellectual property   morning announced   network monitoring   infrastructure   venture capitals   New Enterprise Associates