Cisco invests in Wilocity to develop 5 Gbps WiGig technology for the enterprise

Cisco Systems(s csco) and high-capacity wireless chipmaker Wilocity revealed on Wednesday they have started working together to develop 60 GHz enterprise networking products that could support massive transmission speeds of 5 Gbps. The new technology is based on the Institute of Electrical and Electronic Engineers (IEEE) 802.11ad standard for ultra-fast in-building networks and will eventually be certified by the Wi-Fi Alliance under the name WiGig. Cisco Enterprise Networking Group CTO Bob Friday said that Cisco has made a minor strategic investment in Wilocity, but the companies are not revealing the amount.