Cisco Finalizes Agreement to Acquire BCN Systems; Gains Flexible Networking Software Architecture and Experienced Team.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. -- 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 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 ), today announced that it has finalized a definitive agreement to acquire privately held BCN BCN Beacon BCN Blue Care Network BCN Biblioteca del Congreso Nacional (Chile) BCN Backbone Concentrator Node (routers, Nortel) BCN Banco Central de Nicaragua BCN Broadband Convergence Network Systems, Inc. of Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. BCN Systems is a provider of networking software  This article is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article in an . design and has developed a unique networking software architecture for routing applications. BCN's technology and expertise will contribute to the continued evolution of Cisco's routing platforms and will support Cisco's ongoing efforts to speed the delivery of next-generation data, voice and video services over a converged network. Cisco's right to acquire BCN, and a summary of the transaction's basic terms, were disclosed in Cisco's 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. filed on September 20, 2004. The acquisition was completed today. Under the terms of the agreement, Cisco will pay approximately $34 million in cash for all outstanding equity interests of BCN. In addition, the acquisition price may be increased by as much as $122M depending on the degree to which certain development and product milestones are met after close. "The addition of BCN's talent to Cisco's world class engineering team will help drive continued innovation for Cisco's portfolio of routing products," said Mike Volpi, senior vice president for Cisco's Routing Technology Group. "BCN's network infrastructure design and thinking are truly unique, and that is good news for our customers and the industry at large." BCN's architecture will eventually be incorporated across Cisco's broad routing portfolio and will contribute to the evolution of Cisco's next-generation IP technology. The design is entirely complementary to Cisco's existing OS platforms and will allow the optimization of those platforms to further improve reliability and offer enhanced features. In the future, this architecture will also allow additional hardware acceleration for advanced features such as Quality of Service (QoS) and security. The BCN team will become a part of Cisco's Routing Technology Group, under senior vice presidents Prem Jain and Mike Volpi. BCN Systems was founded in April 2004 and has 45 employees. 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. For ongoing news, please go to http://newsroom.cisco.com. Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/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. |
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