Cisco has inked a definitive agreement to acquire WiMAX developer Navini Networks for $330 million in cash and assumed options. Navini specializes in Mobile WiMAX 802.16e-2005 and integrates "Smart Beamforming" technologies with MIMO. The companies say that Navini's WiMAX products will extend Cisco's market-leading WiFi and WiFi-Mesh portfolios, which will allow Cisco to tackle new markets quicker.

For more on the deal:
- read this press release