Over the years, homes have been getting smarter -- with cool networking technologies. And, one of the leading providers in the space is Pure Networks, which is a privately-held firm in Seattle.Well, recently the company agreed to sell out to Cisco Systems, Inc. (NASDAQ: CSCO) for $120 million. Both companies already have an OEM deal -- through Cisco's Linksys division. Essentially, the deal is a part of Cisco's vision of the so-called "connected life." And, no doubt, it should be a huge market opportunity (yes, I'm sure our toasters will eventually be hooked up to the Net).
However, this vision will require some extremely complex technologies. And at the same time, it needs to be easy to use for the consumer. But it looks like Cisco has had some success with Pure, which should help with the integration process and minimize some of the technology risks going forward.
Tom Taulli is the author of various books, including The Complete M&A Handbook
and The Edgar Online Guide to Decoding Financial Statements
. He also operates MergerBook.com.
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