U.S. markets close in 1 hour 1 minute

Cisco to acquire software firm ThousandEyes

The logo of US networks giant Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris

(Reuters) - Cisco Systems Inc <CSCO.O> has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday.

The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Soni)