Cisco Announces Intent to Acquire Arch Rock
Today, Cisco announced our intent to acquire privately held Arch Rock Corporation. For those of you not familiar with Arch Rock, they are a pioneer in IP-based wireless network technology for smart grid applications.
Arch Rock’s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable, highly secure, multi-way wireless mesh network.
The acquisition complements yesterday’s announcement between Itron and Cisco to develop solutions that enhance smart-metering technology.
The acquisition is subject to various standard closing conditions and is expected to be complete in the second half of calendar year 2010.
To view the press release, please click on the link below.