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.
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.
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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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