Cisco to Acquire Nemo Systems
SAN JOSE, CA, September 30, 2005 - Cisco Systems® today announced a definitive agreement to acquire privately-held Nemo Systems of Los Altos, Calif. Nemo Systems has developed leading-edge technology in the network memory space that will offer enhanced performance on Cisco’s core switching platforms and service modules. Once incorporated into Cisco’s products, the technology will allow customers to scale network systems and line card bandwidth while reducing the overall cost of high-performance networking systems.
Under the terms of the agreement, Cisco will pay up to $12.5 million in cash for Nemo. The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the first quarter of Cisco’s fiscal year 2006 ending October 29, 2005.
Upon close of the transaction, Nemo will become part of Cisco’s Data Center, Switching and Security Technology Group (DSSTG) reporting to vice president and general manager Tom Edsall.
About Cisco Systems
Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking for the Internet, this year celebrates 20 years of commitment to technology innovation, industry leadership and corporate social responsibility. Information on Cisco can be found at http://www.cisco.com.
# # #
Cisco, Cisco Systems, PIX, IOS and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. or its affiliates 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. (0005R)
- Contact Information
- Elizabeth McNichols
- Press Contact
- Cisco Systems, Inc.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.