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Cisco buys Meetinghouse for $43.7m

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Cisco Systems is to buy Meetinghouse Data Communications for $43.7m in cash and stock in a bid to boost its wireless security products. Meetinghouse makes technology that allows people to restrict network access to authorised users or certain host devices over wired and wireless media. Because the deal is subject to various conditions, including regulatory approvals, it is expected to close at the end of the year. Meetinghouse was founded in 1988 and has 77 employees based in Portsmouth, New Hampshire.
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