Belkin Completes Linksys Purchase

From DailyTech: Back in late January of 2013, Belkin announced that it intended the purchase Linksys from Cisco. Cisco had originally purchased Linksys for $500 million in 2003 in an effort to gain access to the consumer networking market. That investment didn't work out so well for Cisco and the company began searching for a buyer last year.

Belkin announced on March 15 that it completed its acquisition of Linksys. Belkin will continue to manage Linksys as a separate brand and product portfolio, which means the Linksys name will live on as promised.

"Linksys has a rich heritage, a passionate customer base and a wide product line, all of which fueled our decision to acquire the company and our plan to maintain the Linksys brand," said Chet Pipkin, CEO of Belkin.

Belkin says that Linksys customers and retailers will continue to see new products carrying the name come to the market in the near future. Belkin says that several new announcements will be made sometime this spring.

Support will continue for existing Linksys products and all warranties that are currently valid will be honored on Linksys products.

View: Article @ Source Site