Yesterday, Silicon Valley’s biggest shopaholic, Cisco, added to its wireless portfolio when it announced the acquisition of a small company that develops Wi-Fi analytic technologies called ThinkSmart Technologies. ThinkSmart is a Cork, Ireland, based technology company that uses the information it gains from Wi-Fi networks to collect intelligent information such as time of day, traffic patterns and dwell times for mobile users.
There were no financial terms announced, so it’s a safe bet this was a relatively small acquisition primarily meant to add the technology into existing Cisco products.
I like this move by Cisco for a number of reasons. One of them is that it’s based overseas, so Cisco can use part of the huge war chest of cash it has in Europe. Company CEO John Chambers has strongly stated that it would continue to invest in Cisco, but the amount of U.S. investment it does will be limited until the Obama or incoming administration (if different) grants a repatriation holiday on bringing foreign cash back into the country.