Cisco Systems to Acquire Protego Networks
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Cisco Systems, Inc. (www.cisco.com) announced a definitive agreement to acquire privately-held Protego Networks, Inc. of Sunnyvale, CA, a provider of security monitoring and threat management appliances used
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(InfoWorld) - Cisco Systems, the biggest vendor in IP (Internet Protocol) networking, is diversifying into social networking. The router pioneer has agreed to acquire Five Across, a social-networking software company in San Francisco. Terms of the acquisition, which was announced late Thursday in California, were not disclosed. Cisco expects the deal to close in its fiscal third quarter, which ends April 28. Cisco doesn't plan to set up its own social-networking site to compete against News Corp.'s MySpace or Facebook. Instead, it will use Five Across technology to create software that will help enterprises better connect with their customers. In addition, service providers may be able to build services with the technology and sell them to their business customers, Cisco said. Five Across sells a software platform called Connect Community Builder. It includes a variety of features that enterprises can build into their Web presence for their customers, such as individual profile pages, friend lists, discussions, and posting of blogs, videos and podcasts. The company, founded in 2003, has just 11 employees, according to Cisco. Last year NHL Enterprises L.P.'s National Hockey League launched a site for hockey fans, called NHL Connect, using Five Across software. The acquisition is the first by Cisco's recently formed Media Solutions Group and part of Cisco's expansion into both the consumer and media categories. One target market for the Five Across technology will be entertainment and broadcasting companies such as The Walt Disney Co. and Comcast. But Cisco also expects social networking, like other consumer tools such as instant messaging, to be embraced by general enterprises. Consumers are now demanding social networking capabilities and want to see them on companies' Web sites, according to Cisco. Traditional media providers are ripe for using social networking, said IDC consumer analyst Danielle Levitas. "There's quite a bit of need for experimentation from [traditional] media companies to show their stockholders they can take advantage of the Web and they're not going to cede it to new media companies," Levitas said. A good social-networking component to a media company's Web site could help foster viewer loyalty or even be a place to test new shows among core viewers, she said. Consumer electronics and PC companies could also take advantage of social networking, hosting communities of consumers to share tips and advice, augmenting their technical support offerings, Levitas said. Meanwhile, social networking, with its constant conversations and user-generated content, is also good for Cisco's core business of selling network infrastructure, Levitas said. "Web-based content is incredibly bit-heavy," Levitas said. Social networking brings end users into the game so there is a lot of data coming upstream from the edge of the network as well as downstream from the company.
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RESEARCH TRIANGLE PARK - Cisco Systems is adding to its arsenal of security devices by acquiring Protego Networks in a deal worth $65 million in cash.
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RESEARCH TRIANGLE PARK - Cisco Systems is acquiring a California-based network management appliance developer for approximately $16 million in cash.
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Cisco Systems is making an acquisition designed to reinforce its security lineup, the company said Thursday. The networking giant announced it will pay $74 million in cash for San Francisco start-up Perfigo, a developer of network access control products.
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Cisco Systems(R) (NASDAQ:CSCO) today announced it has completed the acquisition of privately-held Arroyo Video Solutions, Inc., a leading provider of next-generation solutions for on-demand television and related consumer services.
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Networking giant Cisco Systems Inc. said Monday that it agreed to acquire Sunnyvale, Calif.-based P-Cube Inc. for about $200 million in cash and stock options.
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Cisco Systems Inc. channel partners will be able to offer real-time monitoring of enterprises&#39; networks after the company agreed to acquire NetSolve Inc.
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Networking leader buys Protego Networks, which makes a line of security-monitoring and threat-management appliances. By Paul Travis.
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Cisco Systems has agreed to buy software developer P-Cube in a cash-and-options deal Cisco valued at $200m (Â£110m). P-Cube makes software to help service providers analyse and control network traffic.
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Protego&#39;s products help enterprises of all sizes manage, monitor and eliminate network security threats. The Protego deal would augment Cisco&#39;s three cash acquisitions of security software startups this year.
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Cisco makes its first move toward courting big media companies with the acquisition of a small social-networking company.
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In a move to take dominion in the data center, networking giant Cisco has announced plans to purchase privately held NeoPath Networks for an undisclosed amount.
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Cisco Systems, the world's biggest maker of computer networking equipment, on Tuesday completed a $3.2 billion purchase of WebEx Communications to gain videoconferencing software.
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Cisco Systems said it agreed to acquire privately held Airespace Inc. for around 450 million dollars in stock and assumed options in a move to strengthen its offerings of wireless, local area networking products.
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Internet networking giant Cisco Systems agreed to acquire closely held Internet protocol service provider P-Cube for 200 million dollars in cash and options.
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AUGUST 24, 2004 (IDG NEWS SERVICE) - Cisco Systems Inc. said yesterday that it has agreed to acquire Sunnyvale, Calif., software developer P-Cube Inc.