[2] Cisco Systems to Acquire Worldwide Data Systems; Brings Advanced Consulting Services to New World Networks.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 16, 1999-- Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) today announced a definitive agreement to acquire privately-held Worldwide Data Systems of Howell, N.J. Worldwide Data Systems is a leader in consulting and engineering services for converged data and voice networks. This acquisition underscores Cisco's strategy to accelerate deployment of New World data, voice and video networks for its enterprise and service provider customers. Under the terms of the acquisition, shares of Cisco common stock with an aggregate value of approximately $25.5 million will be exchanged for all outstanding shares and options of Worldwide Data Systems. The acquisition will be accounted for as a purchase and is expected to close in the second quarter of Cisco's fiscal 2000. The acquisition has been approved by the board of directors of each company and is subject to various closing conditions. Worldwide Data Systems provides an extensive set of methods and procedures for the design, implementation and delivery of Internet-based data, voice and video networks. Their portfolio includes consulting, engineering, network design modeling, interoperability/integration testing, training and associated support In naval air operations, assistance provided by a force or unit to another force or unit that is under independent tactical control, neither being subordinate to the other. See also direct support; support. services. For example, using Worldwide Data System's expertise, enterprise and service provider customers can deploy VoIP solutions in multi-vendor networks or in environments that use a combination of old world circuit-switched technology and New World packet-based networks. Additionally, Worldwide Data Systems has developed the first automated voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) test tool to rapidly and cost-effectively deploy VoIP solutions. Worldwide Data System's suite of services will expand Cisco's service offering by transferring Worldwide Data System's knowledge and expertise to Cisco's ecosystem of professional service and channel partners. Through partner relationships, Worldwide Data System's resources will allow Cisco to increase deployment, services and support of New World networks. Worldwide Data Systems is currently working with leading service providers and Cisco partners in converged network The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. deployments providing innovative engineering techniques to satisfy present and future customer needs. Worldwide Data Systems was founded in 1988. Led by founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Nicholas Grieco, the company will become part of the Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Business Unit within the Customer Advocacy group. About Cisco Systems Cisco Systems, Inc. (Nasdaq:CSCO) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com. Note to Editors: Cisco, Cisco Systems, and the Cisco Systems logo 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. |
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