Cisco Announces Definitive Agreement to Acquire PostPath

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Wed Aug 27, 2008 8:01am EDT 

  SAN JOSE, CA, Aug 27 (MARKET WIRE) -- 
Building upon its commitment to provide a comprehensive collaboration
portfolio, Cisco (NASDAQ: CSCO) today announced its intent to acquire
privately held PostPath, Inc., a provider of innovative email and
calendaring software. Based in Mountain View, Calif. with additional
development operations in Sofia, Bulgaria, PostPath will enhance the
existing email and calendaring capabilities of Cisco's WebEx Connect
collaboration platform.

    In today's fast-paced business environment, effective, adaptive
collaboration is critical to creating and sustaining a competitive
advantage. With PostPath's software, Cisco will extend the e-mail and
calendar functionality of its flexible software-as-a-service (SaaS)-based
collaborative platform that includes instant messaging, voice, video,
data, document management and Web 2.0 applications. This combination will
enable customers to use collaboration to accelerate business processes,
within and between businesses.

    "The acquisition of PostPath complements our strategy to develop an
integrated collaboration platform designed for how we work today and into
the future, providing real productivity gains and a more satisfying user
experience," said Doug Dennerline, Cisco senior vice president,
Collaboration Software Group. "Our 'cloud-based' delivery model offers our
customers rapid deployment and compelling economics."

    PostPath offers a Linux-based e-mail, calendaring and collaboration
solution. It is interoperable with many other e-mail solutions and
provides a browser-independent AJAX Web client. In addition, PostPath's
software is compatible with a number of mobile clients.

    PostPath's software is highly secure and scalable, and it incorporates
innovative Web 2.0 architectures to meet the requirements of large
enterprises and small businesses alike to provide Cisco customers with a
next-generation user experience.

    The PostPath acquisition exemplifies Cisco's "build, buy, and partner"
innovation strategy to move quickly into new markets and capture key
market transitions. In addition to internal software innovations, Cisco
actively employs investments in, and acquisitions of, other companies to
support its software strategy; recent purchases include industry leaders
WebEx, IronPort and Securent.

    Under the terms of the agreement, Cisco will pay approximately $215
million in exchange for all shares of PostPath. The transaction will be
accounted for in accordance with generally accepted accounting
principles. The acquisition is subject to various standard closing
conditions and is expected to be complete in Cisco's first quarter of
fiscal year 2009. Upon completion of the acquisition, PostPath employees
will become part of the Cisco Collaboration Software Group (CSG). CSG is
part of the recently established Software Group, consisting of Cisco's
major software businesses; including the IOS network operating system,
network and service management, Unified Communications solutions, policy
management, and SaaS offerings.

    About Cisco Systems

    Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms
how people connect, communicate and collaborate. Information about Cisco
can be found at http://www.cisco.com. For ongoing news, please go to
http://newsroom.cisco.com.

    Cisco, the Cisco logo and Cisco Systems are registered trademarks of Cisco
Systems, Inc. in the U.S. and certain other countries. All other
trademarks mentioned in this document are the property of their
respective owners. The use of the word partner does not imply a
partnership relationship between Cisco and any other company. This
document is Cisco Public Information.

    For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the
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Press:
Robyn Jenkins-Blum
(408) 853-9848
rojenkin@cisco.com

Industry Analysts:
Ron Davis
(408) 526-8803
ronadavi@cisco.com

Investor Relations:
Matt Tractenberg
(408) 525-3170
matthew2@cisco.com

Copyright 2008, Market Wire, All rights reserved.

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