Cisco Completes Purchase of Select Assets of Digital Fairway Corporation
Provisioning Platform Asset Purchase Reinforces Commitment to IP Communications Management
SAN JOSE, Calif., November 21, 2005 - Cisco Systems today announced the close of its purchase of select intellectual property and other assets of Digital Fairway Corporation of Toronto, Canada. Cisco will purchase the IP Telephony Provisioner product and development team, and license other software assets and intellectual property which will form the foundation for Cisco's IP Communications Provisioning Manager, a new enterprise-class IP communications provisioning product to be released in 2006. Cisco will also incorporate the assets into its lifecycle services framework.
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The purchase of these assets will enhance Cisco's ability to develop a unified, automated enterprise-class provisioning platform supporting its full range of IP communications products. This purchase further demonstrates Cisco's commitment to improving the manageability of its IP communications solutions to accelerate the adoption of IP communications and to enhance the customer experience.
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IP Communications Provisioning Manager when released in 2006 as part of Cisco's IP communications management suite, will enable rapid enterprise-wide IP telephony deployment by simplifying and automating operations through workflow-based unified provisioning. In addition to user and dial plan provisioning, it will also support change management using a database of record.
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Under the terms of the agreement, Cisco will pay $15.25 million in cash in exchange for intellectual property, a license, and software assets from Digital Fairway Corporation. Selected members of the software development team will become Cisco employees. The team and assets will become part of Cisco's Network Management Technology Group, joining the CDIC (Campus, Data Center and IP Communications) group led by Vice President Clive Foreman.
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About Cisco Systems
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Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking for the Internet, celebrates 20 years of commitment to technology innovation, industry leadership, and corporate social responsibility. Information about Cisco can be found at http://www.cisco.com. For ongoing news, go to http://newsroom.cisco.com.
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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.
