Cisco to Buy MOTO (Not Motorola)

Cisco announced its intent to acquire privately held MOTO Development Group, a design consulting firm

May 18, 2010

1 Min Read

SAN JOSE, Calif. -- Cisco (NASDAQ:CSCO - News) today announced its intent to acquire privately held MOTO Development Group, a design consulting firm that develops products and product strategies for the consumer industry. Based in San Francisco, MOTO's talent base will complement Cisco's and enable Cisco to rapidly enhance its consumer product development road map.

"Consumers have embraced our Flip Video™, Valet™ and Linksys® product lines because they deliver on the promise of making video and home networking simple, affordable and fun," said Jonathan Kaplan, senior vice president and general manager of Cisco® Consumer Products. "MOTO's design and engineering teams have deep consumer expertise that will accelerate our ability to continue to deliver great products and expand Cisco's consumer business."

Cisco Systems Inc. (Nasdaq: CSCO)

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