Cisco Systems announced the acquisition of ThinkSmart, a software company that delivers location data analysis using Wi-Fi technology. ThinkSmart's location analytics collects information on movement within a venue including time of day, traffic patterns and dwell times. This information helps enterprises and venue operators improve the customer experience by identifying appropriate staffing levels, reducing wait times, optimizing business processes, and improving customer flows. ThinkSmart, initially formed at the Incubation Centre of University College Cork in Ireland, joins Cisco's Wireless Networking Group. The acquisition closed in the first quarter of Cisco's fiscal year 2013.
