Cisco Nears $1 Billion Takeover of Software Maker ThousandEyes

Chuck RobbinsPhotographer: Christopher Goodney/Bloomberg
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Cisco Systems Inc. is in advanced talks to buy software company ThousandEyes Inc. for nearly $1 billion, according to people familiar with the matter.

Cisco could announce a deal for the San Francisco-based company as soon as Thursday, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.