Contact Information: Press Contact: John Noh Cisco Systems, Inc. 408 853 8445 jnoh@cisco.com Investor Relations Contact(s): Laura Graves Cisco Systems, Inc. 408 526-6521 lagraves@cisco.com Industry Analyst Relations Contact: Amal Nichols Cisco Systems, Inc. 408 526 6493 amnichol@cisco.com
SAN JOSE, CA -- (MARKET WIRE) -- March 13, 2007 -- Cisco Systems® (NASDAQ : CSCO ) today
announced a definitive agreement to acquire privately held NeoPath
Networks, the leading provider of high performance and highly scalable file
storage management solutions.
NeoPath's patented SMART virtualization technology and its File
Director™ family of products simplify the management of network attached
storage (NAS) and other file servers.
"Enterprise customers are asking Cisco how they can make better use of
their existing IT infrastructure, and NeoPath is part of the answer," said
Jayshree Ullal, Senior Vice President, Datacenter Switching and Security
Technology Group (DSSTG). "NeoPath's technology will enhance Cisco's
Services Oriented Network Architecture (SONA) direction and vision by
establishing tighter linkages between file based data and network
accelerated services."
The acquisition is subject to various standard closing conditions,
including applicable regulatory approvals, and is expected to close in the
third quarter of Cisco's fiscal year 2007, ending April 28, 2007. The terms
of the deal were not disclosed.
NeoPath was founded in 2002 and has 55 employees based primarily in Santa
Clara, Calif.
Upon close of the transaction, the NeoPath team and products will be
integrated into DSSTG reporting up into Ullal.
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