Cisco Announces Intent to Acquire Cariden

Thu Nov 29, 2012 8:00am EST

* Reuters is not responsible for the content in this press release.

  SAN JOSE, CA, Nov 29 (Marketwire) -- 
Cisco (NASDAQ: CSCO) today announced its intent to acquire privately held
Cariden Technologies, Inc., a Sunnyvale, Calif.-based supplier of network
planning, design and traffic management solutions for telecommunications
service providers. With global service providers converging their
Internet Protocol (IP) and optical networks to address exploding Internet
and mobile traffic growth and complex traffic patterns, Cisco's
acquisition of Cariden will allow providers to enhance the visibility,
programmability and efficiency of their converged networks, while
improving service velocity. 

    Cariden's industry-leading capacity planning and management tools for
IP/MPLS (Multi-Protocol Label Switching) networks, which have been
deployed by many of the world's leading fixed and mobile network
operators, will be integrated into Cisco's Service Provider Networking
Group to enable multilayer modeling and optimization of optical transport
and IP/MPLS networks. Cariden's products and technology will advance
Cisco's nLight technology for IP and optical convergence. The acquisition
also supports the company's Open Network Environment (ONE) strategy by
providing sophisticated wide area networking (WAN) orchestration
capabilities. These capabilities will allow service providers to improve
both the programmability of their networks and the utilization of
existing network assets across the IP and optical transport layers.

    "The Cariden acquisition reinforces Cisco's commitment to offering
service providers the technologies they need to optimize and monetize
their networks, and ultimately grow their businesses," said Surya
Panditi, senior vice president and general manager, Cisco's Service
Provider Networking Group. "Given the widespread convergence of IP and
optical networks, Cariden's technology will help carriers more
efficiently manage bandwidth, network traffic and intelligence. This
acquisition signals the next phase in Cisco's packet and optical
convergence strategy and further strengthens our ability to lead this
market transition in networking."

    The acquisition of Cariden exemplifies Cisco's build, buy, and partner
innovation framework and is aligned to Cisco's strategic goals to develop
and deliver innovative networking technologies and provide best-in-class
solutions for customers, all while attracting and cultivating top talent.

    Upon the close of the acquisition, Cariden employees will be integrated
into Cisco's Service Provider Networking Group, reporting to Shailesh
Shukla, vice president and general manager of the company's Software and
Applications Group. Under the terms of the agreement, Cisco will pay
approximately $141 million in cash and retention-based incentives in
exchange for all shares of Cariden. The acquisition is subject to various
standard closing conditions and is expected to be completed in the second
quarter of Cisco's fiscal year 2013. 

    About Cisco
 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 and the Cisco logo are trademarks or registered trademarks of Cisco
and/or its affiliates in the U.S. and other countries. A listing of
Cisco's trademarks can be found at www.cisco.com/go/trademarks.
Third-party trademarks mentioned 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.

    Forward-Looking Statements 

    This press release may be deemed to contain forward-looking statements,
which are subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including the expected completion of the
acquisition and the time frame in which this will occur, the expected
benefits to Cisco and its customers from completing the acquisition, and
plans regarding Cariden personnel. Readers are cautioned that these
forward-looking statements are only predictions and may differ materially
from actual future events or results due to a variety of factors,
including, among other things, the potential impact on the business of
Cariden due to the uncertainty about the acquisition, the retention of
employees of Cariden and the ability of Cisco to successfully integrate
Cariden and to achieve expected benefits, business and economic
conditions and growth trends in the networking industry, customer markets
and various geographic regions, global economic conditions and
uncertainties in the geopolitical environment and other risk factors set
forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any
forward-looking statements in this release are based on limited
information currently available to Cisco, which is subject to change, and
Cisco will not necessarily update the information. 

    RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds 

    

Press Contact: 
Robyn Jenkins-Blum 
408-853-9848 
rojenkin@cisco.com 

Industry Analyst Contact: 
Ben Culp 
949-823-3787 
beculp@cisco.com 

Investor Relations Contact:
Carol Villazon
408-527-6538
carolv@cisco.com 

Copyright 2012, Marketwire, All rights reserved.

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