Cisco Systems, Inc. Announces Agreement to Acquire Meetinghouse.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, 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 ) -- Cisco Systems(R) today announced a definitive agreement to acquire the privately-held Meetinghouse meet·ing·house n. A building used for public meetings and especially for Protestant or Quaker religious services. Noun 1. meetinghouse - a building for religious assembly (especially Nonconformists, e.g. Data Communications, Inc. of Portsmouth, NH. Meetinghouse provides a client-side 802.1X supplicant security software that allows enterprise customers to restrict network access to only authorized users and/or host devices attempting to gain access to networked resources through both wired and wireless media. When integrated with Cisco's existing security portfolio, Meetinghouse's AEGIS SecureConnect products will enable Cisco to provide a single unified wired and wireless client to enterprise customers that will help them reduce operational costs by simplifying the security management of a broad array of host devices and operating systems. "The growth in the number of cases of unauthorized access to sensitive and confidential information in enterprise networks has increased the need for securing connectivity through robust, easy-to-manage client-based security solutions," said Brett Galloway, vice president and general manager, Wireless Networking Business Unit (WNBU). "The Meetinghouse software supplicant In an authentication system, supplicant refers to the client machine that wants to gain access to the network. See 802.1x. is a natural extension to existing Cisco initiatives such as the Cisco Self Defending Network via Network Admission Control (NAC See network access control. ) and the Cisco Compatible Extensions See CCX. (CCX (Cisco Compatible EXtensions) Specifications for makers of 802.11 wireless LAN chips for ensuring compliance with Cisco's proprietary wireless LAN protocols. For example, Cisco's LEAP and EAP-FAST are part of CCX. See EAP. ) program." Under the terms of this agreement, Cisco will pay approximately $43.7 million in cash and assumed options for Meetinghouse. 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 2007, ending October 28, 2006. Meetinghouse was founded in 1988 and has 77 employees in Portsmouth, NH. Upon close of the transaction, Meetinghouse team and products will be integrated into the WNBU, reporting into Galloway. About Cisco Systems Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. Information about 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 or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States 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. This document is Cisco Public Information. |
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