Belkin completes acquisition of Linksys from Cisco
Linksys will still exist as a separate brand; support for all existing products will continue and warranties will be honored.
This also means that
Cisco bought Linksys back in 2003 in a deal that was worth $500 million, but kept the Linksys name, calling it Linksys by Cisco. Ever since, Linksys has been the home-networking choice from Cisco, with two major product lines: theand . The EA series uses Cisco Connect Cloud to extend home networking into a platform that's integrated with the cloud and can run third-party apps.
According to Chet Pipkin, CEO of Belkin, "The Linksys portfolio will continue to exist and evolve to include even richer user experiences and network management functionality."
This acquisition will turn Belkin into a major home-networking vendor in a rather crowded market; other prominent vendors are D-Link, Netgear, Asus, Trendnet, and TP-Link.
Belkin promises that for existing customers of Linksys products, support remains available through the existing Linksys support channels and the support page on the Linksys Web site. All valid warranties will be honored for current and future Linksys products.
Selling off Linksys is Cisco's latest move in its focus on business and enterprise products. The company also gave thein mid-2011.
Since Belkin is a privately held company, specific financial details of this acquisition will not be disclosed.