Cisco Systems Completes Purchase of Assets from Procket Networks
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 6, 2004--Cisco Systems, Inc., today announced it has completed the purchase of assets from privately held Procket Networks, Inc. of Milpitas, Calif., a developer of concurrent services routers with expertise in silicon and software development.
On June 17, 2004, Cisco announced a definitive agreement to purchase the intellectual property and select other assets, and hire a majority of the engineering team from Procket. This purchase adds a rich intellectual property portfolio and a team of proven silicon and software architects to Cisco's industry leading routing technology and products.
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Contacts
Cisco Systems, Inc.
Elizabeth McNichols, 408-525-4434 (Press)
emcnicho@cisco.com
Rachael Myles, 408-853-7660 (Industry Analyst Relations)
ramyles@cisco.com
Blair Christie, 408-525-4856 (Investor Relations)
blchrist@cisco.com
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