Cisco Systems, Inc. (NASDAQ:CSCO) announced it will buy smart grid firm Arch Rock Corp.

Cisco Systems, Inc. (NASDAQ:CSCO) Could Buy Firm

Cisco Systems, Inc. (NASDAQ:CSCO) recently announced that it will acquire private wireless networking company Arch Rock Corp., which specializes in manufacturing network equipment for smart grids.

Cisco did not give a price it was willing to pay for the company.

Cisco Systems, Inc. (NASDAQ:CSCO) is acquiring Arch Rock to help it beef up its IP-based, complete smart grid solutions.

View the full CSCO chart at Wikinvest

Cisco Systems Inc. Stock Info

As of 9/8/2010 (Last trade – 4:00pm), the Cisco Systems Inc. (NASDAQ:CSCO) company shares are sitting at 20.64.

Over the past three months there has been a -10.4% movement in the Cisco Systems Inc. (NASDAQ:CSCO) stock price.

We’ll be keeping a close eye on the Cisco Systems Inc. (NASDAQ:CSCO) stock price for changes over the next couple of weeks.