Cisco has announced its intent to acquire privately held MOTO Development Group, a design consulting firm that develops products and product strategies for the consumer industry. Based in San Francisco, MOTO’s talent base will enable Cisco to rapidly enhance its consumer product development road map.
"Consumers have embraced our Flip Video, Valet and Linksys product lines because they deliver on the promise of making video and home networking simple, affordable and fun," said Jonathan Kaplan, SVP and GM of Cisco consumer products, in a statement.
MOTO brings to Cisco a team of more than 35 consultants in the consumer product industry. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco’s fiscal year 2010. Upon the closing of the acquisition, MOTO employees will become part of the Cisco consumer products team led by Kaplan.