Key Developments: Cisco Systems Inc (CSCO.O)
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24 May 2013
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Latest Key Developments (Source: Significant Developments)
National Grid Selects Itron Inc and Cisco Systems Inc's Smart Grid Solution For Pilot Program
Itron Inc. announced that National Grid, a supplier of electricity to approximately 3.4 million customers in the Northeast, has selected Itron`s smart grid solution which uses Cisco Systems Inc's multi-application communications network for the utility`s 10,000 meter Smart Grid Pilot Program in Worcester, Mass. This project adds to the 5,000 meter early field trial (EFT) that started in February 2012 in Worcester. National Grid will begin deploying the full pilot in early 2013. Full Article
East Carolina Sues Cisco Systems Inc Over Registered Trademark
East Carolina University announced that it has filed a lawsuit in federal court against Cisco Systems Inc., seeking injunctive relief and damages for the unauthorized use of ECU`s federally registered trademark 'Tomorrow Starts Here'. Full Article
Cisco Systems Inc Completes Acquisition of Meraki Inc
Cisco Systems Inc announced it has completed the acquisition of Meraki, Inc., a cloud networking company. The Meraki team will become Cisco's Cloud Networking Group. Under the terms of the agreement, Cisco paid approximately $1.2 billion in cash to acquire the entire business and operations of Meraki. Full Article
DataOne and Cisco Systems Inc Enhance CloudSecure
DataOne announced a collaboration with Cisco Systems Inc to update their infrastructure and further enhanced 'CloudSecure', a portfolio of services including software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS) and voice services over the cloud. Full Article
Cisco Systems Inc Completes Acquisition of Cariden
Cisco Systems Inc announced that it has completed the acquisition of privately held Cariden Technologies Inc a Sunnyvale Calif based supplier of network planning, design and traffic management solutions for telecommunications service providers. The Cariden team will be integrated into Cisco's Service Provider Networking Group. Under the terms of the agreement, Cisco paid approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden. Full Article
Cisco Systems Inc Completes Acquisition Of Cloupia
Cisco Systems Inc announced it has completed the acquisition of privately held Cloupia, a Santa Clara, Calif.-based software company that automates converged data center infrastructure. This acquisition includes Cloupia's infrastructure management software and talent. The Cloupia team will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco paid approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia. Full Article
Cisco Systems Inc Announces Intent to Acquire Cariden
Cisco Systems Inc announced that it intends to acquire privately held Cariden Technologies Inc a Sunnyvale, Calif.-based supplier of network planning, design and traffic management solutions for telecommunications service providers. 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 expected to be completed in the second quarter of Cisco's fiscal year 2013. Full Article
Cisco Systems Inc Announces Intent to Acquire Meraki Inc.
Cisco Systems Inc announced its intent to acquire privately held Meraki Inc., a company in cloud networking. Headquartered in San Francisco, Calif., with offices in New York, London and Mexico, Meraki offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud. Under the terms of the agreement, Cisco will pay approximately $1.2 billion in cash and retention-based incentives to acquire the entire business and operations of Meraki. The acquisition is expected to close in the second quarter of Cisco's fiscal year 2013. Full Article
Cisco Systems Inc Declares Quarterly Cash Dividend
Cisco Systems Inc announced that the board of directors declared a quarterly dividend of $0.14 per common share to be paid on December 19, 2012, to all shareholders of record as of the close of business on November 29, 2012. Full Article
Cisco Systems Inc Announces Intent To Acquire Cloupia
Cisco Systems Inc announced the intent to acquire privately held Cloupia, a Santa Clara, Calif.-based software company that automates converged data center infrastructure -- allowing enterprises and service providers to simplify the deployment and configuration of physical and virtual resources from a single management console. Upon the close of the acquisition, Cloupia employees will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco will pay approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia. The acquisition is expected to be complete in the second quarter of Cisco's fiscal year 2013. Full Article
Aruba Networks sees weak fourth quarter as Cisco competition intensifies
- Network equipment maker Aruba Networks Inc forecast fourth-quarter results well below Wall Street expectations hurt by rising competition from Cisco Systems Inc , sending its shares down 17 percent after the bell.
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