Parc, based in London, specializes in the development of server applications designed to streamline network routing issues. Through the acquisition, Cisco gains access to Parc's multiprotocol label switching () technology, which it will integrate into its .
Networking gear makers, including Cisco, haveMLPS as the industry's ultimate convergence technology that can help bridge gaps between diverse server routing methods while supporting all the latest networking applications and services.
The technology is growing increasingly popular as telecommunications carriers move to deliver services, such as voice over Internet Protocol, that marry voice, video and data on a single network. Cisco has been criticized by some industry watchers forin its new IOS XR operating system.
In addition to acquiring Parc's existing applications, Cisco also inherits the company's virtual lifeblood: its process for developing the search algorithms that underlie all of its products. Parc, which was spun off from a research project at the University of London, also designs traffic engineering software used in airline scheduling applications. said that it will incorporate Parc's Route Server software into its MPLS Management product portfolio and that the applications will also be available as part of its IP Solution Center package. The company's goal is to offer an integrated set of networking programs that can calculate faster data routing plans on the fly and automatically send traffic through those channels.
Under the terms of the buyout, Cisco will pay cash for the shares in Parc that it does not already control. The deal is expected to close in the Cisco's fiscal first quarter, which ends Oct. 25. The company said that Parc's employees, including its chief executive, Gideon Agar, will work under Cisco's Network Management Technology Group.