Cisco Completes Acquisition of Netsys Technologies; Transaction adds to enterprise network management offerings.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)--Nov. 19, 1996--Cisco Systems, Inc. today announced it has completed the purchase of privately held Netsys Technologies Netsys Technologies was a Palo Alto, California technology company that developed computer network simulation, modeling, and management software. The company was founded in 1991 by CEO Herb Madan and Jim McGuire, and grew to approximately 50 employees by the time it was acquired by through a stock purchase. By the terms of the October 14 agreement, Cisco common stock worth approximately $79 million was exchanged for all outstanding shares and options of Netsys Technologies, a pioneer in network infrastructure management and performance analysis software. Cisco has had a strategic reseller agreement with and held a minority equity interest in Netsys since February 1995. Cisco will integrate Netsys' network infrastructure management tools with Cisco IOS(TM) technologies to simplify network management and planning for customers. By leveraging the graphical World Wide Web and Internet technology to manage today's hybrid internetworks, Netsys' standards-based software technology helps provide a consistent and overarching network management capability that is an important complement to emerging Web-based management solutions. Use of network modeling, planning and analysis helps network managers consolidate their multimedia and multiprotocol networks and support multivendor network infrastructures. Netsys' approximately 50 employees, headed by 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. Herb Madan, are now part of Cisco's Central Engineering team headed by Vice President Stu Phillips. Cisco Systems (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) is the leading global supplier of internetworking solutions for corporate intranets and the global Internet. Cisco's products -- including routers, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and WAN switches, dial-up access servers and network management software -- are integrated by Cisco IOS(TM) software to link geographically dispersed LANs, WANs and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) networks. Company news and product/service information are available at World Wide Web site http://www.cisco.com. Cisco is headquartered in San Jose, Calif. This release may consist of forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Cisco with the S.E.C., specifically the most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. -0- Note to Editors: Cisco IOS and Cisco Systems are trademarks, and Cisco and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. All other trademarks, service marks, registered trademarks or registered service marks mentioned in this document are the property of their respective owners. CONTACT: Cisco Systems, Inc. Adam Stein, 408/526-7388 astein@cisco.com or Mary Thurber, 408/526-8893 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) mthurber@cisco.com |
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