December 01, 2010 08:00 ET
Cisco Announces Intent to Acquire LineSider
Leading Provider of Network Management Software Will Enhance Cisco's Ability to Rapidly Provision Network Services
SAN JOSE, CA--(Marketwire - December 1, 2010) - Cisco (NASDAQ: CSCO) today announced its intent to acquire privately held LineSider Technologies, Inc., a leading provider of network management software that helps customers build the network services necessary to securely create and deploy cloud computing infrastructure. Based in Danvers, Mass., LineSider will enhance Cisco's ability to rapidly provision network services.
"Cloud computing represents a significant opportunity for Cisco customers to create more effective business models and increase the operating efficiency of the network," said Jesper Andersen, senior vice president of Cisco's Network Management Technology Group (NMTG). "With the acquisition of LineSider, Cisco will gain a key component to helping customers make this shift. LineSider's advanced network management software integrates both physical and virtual network services with a policy-based approach and makes networks more flexible and responsive to change."
LineSider's software is designed to enable customers to organize their network resources into a flexible cloud infrastructure that integrates the network with customers' existing IT operational tools and processes. This network abstraction layer allows customers to provision and deploy numerous individual network components much more quickly than previously possible, dramatically reducing network operations costs and accelerating service delivery. LineSider's unique policy-based approach automatically responds to pre-determined business scenarios and provides maximum performance across networking products and service delivery platforms. A partner-centric approach remains a cornerstone of Cisco's strategy in the cloud computing space, and LineSider's technology will strengthen Cisco's ability to work with a broad community of software partners, particularly within the service management space.
In addition to providing Cisco with advanced technology, the acquisition of LineSider will bring an industry-leading team of engineers to the company. Upon the close of the acquisition, the LineSider team will become part of Cisco's NMTG. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the second quarter of Cisco's fiscal year 2011.
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Cisco, the Cisco logo, and Cisco Systems are registered trademarks of Cisco Systems, Inc. in the U.S. and certain other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. 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.
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco from completing the acquisition, and plans regarding LineSider Technologies' personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of LineSider due to the uncertainty about the acquisition, the retention of employees of LineSider and the ability of Cisco to successfully integrate LineSider and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
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