Cisco Completes Acquisition of Newport Systems Solutions
SAN JOSE, Calif., Aug. 8, 1994 -- Cisco Systems today announced thecompletion of its acquisition of Newport Systems Solutions, Inc., aprivately held networking company providing software-based routers forconnecting computer networks. Cisco and Newport
In announcing the agreement on July 12, Cisco executive vice presidentJohn Chambers said, "With the success of our customers in mind, Newport wasthe obvious choice for us to acquire. In our opinion they are the clearmarket and technology leader for access products in small-to-medium sizenetworks, and are the type of company that can substantially enhance ourmarket position"
Cisco Systems, Inc., is the leading worldwide supplier ofhigh-performance, multimedia and multiprotocol internetworking products,including routers, bridges, workgroup systems for 10-Mbps/100-Mbps datatransmission, ATM switches, communication servers, software routers androuter management software. Cisco technology is used to buildenterprise-wide networks linking an unlimited number of geographicallydispersed LANs, WANs and IBM SNA networks. In the United States, Cisco istraded over the counter under the NASDAQ symbol CSCO.