Saturday January 25, 2020

Openet denies possible acquisition by Cisco

Openet, one of Ireland’s biggest software firms, has distanced itself from industry speculation that it could be bought by US networking giant Cisco.

29th May, 2010

Openet, one of Ireland’s biggest software firms, has distanced itself from industry speculation that it could be bought by US networking giant Cisco.

Openet, which has 530 staff and revenues of about €45 million, has a strategic partnership with Cisco and last year struck a €10 million deal with the American firm.

In a research note last week, an analyst at Avian Securities in the US said that Openet and Canadian firm Bridgewater Systems...

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