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Cisco Invests in Software for 'Push' Technology

May 22, 1997|(Bloomberg News)

Cisco Systems Inc. said it's buying a stake in Tibco Software Inc. to boost its ability to offer corporate network users more cost-effective ways to receive "push technology" information from the Internet. Cisco is buying a stake of less than 10% in Tibco Software from Reuters Holdings, which acquired Palo Alto-based Tibco in 1994. Terms of the transaction were not disclosed. San Jose-based Cisco already offers the broadest range of networking equipment. It's seeking to gain a competitive advantage by integrating more software capabilities. Push technology sends selective data such as stock prices or news articles at regular intervals to desktop computers.

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