Cisco Systems completed the acquisition of Exablaze.

Cisco Systems, an American multinational technology conglomerate, completed the acquisition of Exablaze, a privately held, Australia-based designer and manufacturer of advanced network devices aimed at reducing latency and improving network performance. Financial terms were not disclosed. "The acquisition will bring together Cisco's global reach, extensive sales and support teams, and broad technology and manufacturing base, with Exablaze's cutting-edge low-latency networking, layer 1 switching, timing and time synchronization technologies, and low-latency FPGA expertise. Once the transaction is finalized, our goal will be to optimally combine the strengths of both organizations. Together with Cisco we will be investing a great deal of thought and deliberation into how we go about the merger process, keeping in mind the close business relationships that we've grown over the years, as well as the unique attributes of our agile and fast-moving industry," Exablaze.