Cisco Makes Strategic Investment in RadioLAN; Will Integrate Startup's 10-Mbps Wireless LAN Technology into Networking Products.SAN JOSE, Calif.--(BUSINESS WIRE)--March 12, 1997--Cisco Systems, 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 ) and RadioLAN, Inc. have signed an agreement under which Cisco will make a minority equity investment in RadioLAN and the two firms will work together to integrate RadioLAN's wireless local-area network (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. ) technology into Cisco networking products. Clay Marr, RadioLAN president 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. , said, "Since its introduction in early December, we are already seeing considerable demand for the initial ISA bus version of our product. Working with Cisco will lead to the creation of more highly integrated solutions for customers needing a wired network alternative. The combining of RadioLAN's wireless knowledge and Cisco's networking knowledge will result in new products to meet the requirements of mobile networks, small offices and campus area networks." "Cisco believes that wireless LAN technology will be a key element in addressing the needs of a certain class of customers who require highly flexible network access," said Ed Kozel, Cisco's chief technical officer. "We are committed to integrating wireless technology into our products, and we are excited to be working with RadioLAN as one of our partners towards that end." Cisco's equity investment, which represents less than 10 percent of the value of RadioLAN, will be used to fund ongoing research and development, and to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale production and distribution of the company's initial product. RadioLAN had raised previous funding from the venture firms Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , Sequoia Capital and Draper Associates, and from a number of individual investors. RadioLAN, founded in 1993, designs and markets low-cost wireless LANs that run at full Ethernet speed (10 Mbps) and interoperate with existing 10BaseT networks. RadioLAN products are available directly from the company and will also be sold through distributors, value-added resellers (VARs) and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners. RadioLAN can be located on the World Wide Web at http://www.radiolan.com . Cisco Systems (NASDAQ:CSCO) is the leading global supplier of internetworking solutions for corporate intranets and the global Internet. Cisco's products, including routers, LAN and ATM switches, dial-up access servers and network management software, are integrated by the Cisco IOS 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 . CONTACT: RadioLAN, Inc. Clay Marr, 408/524-2600 or Cisco Systems, Inc. Michael Hakkert, 408/526-4794 or Ulevich & Orrange, Inc. (for RadioLAN) William Orrange or Janis Ulevich, 415/329-1590 |
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