San Jose, Calif., September 6, 1995 -- Cisco Systems Inc. today announced an agreement to purchase Internet Junction Inc., a developer of Internet gateway software that connects desktop users with the Internet. The acquisition will broaden Cisco's offerings for Internet application access to the desktop and incorporate additional management and security capabilities. Internet Junction Passport software allows users to run IP-based applications such as Mosaic and access on-line resources without installing IP Internet access software on every Novell NetWare PC.

Cisco will acquire the privately-held Internet Junction in a stock swap in which 81,000 shares of Cisco stock will be exchanged for all outstanding shares and options of Internet Junction. The closing price of Cisco common stock on Sept. 5 was $68.12 per share, giving the transaction an indicated value of $5.5 million. The transaction is expected to be completed by the end of September, and is subject to clearance under various conditions. Internet Junction's employees and management, including President and CEO Krish Ramakrishnan, and product line will be incorporated into Cisco's Business Development and Access Business Unit groups.

Cisco is acquiring Internet Junction to provide users with Internet gateway software for central and remote office Internet access; expand its expertise in software-based Internet gateway tools for popular computing platforms; and leverage Internet Junction's alliances. Both Cisco and Internet Junction have alliance relationships with many Internet service providers which will provide broad-based interoperability to customers.

Internet Junction's Passport connects multiple PC users on Novell LANs to the Internet. The software lets customers run Internet applications without incurring the administrative cost of installing and maintaining TCP/IP on every desktop. Network managers using Internet Junction Passport preserve Windows NT, Novell NetWare and UNIX network investments by isolating mission-critical network servers for more sensitive business information.

Key functions of Internet Junction Passport will be integrated into the Cisco Internetwork Operating System (Cisco IOS) software, extending those capabilities throughout an enterprise network. As a result, Cisco's customers gain network-based Internet access without burdening valuable network server resources. Cisco currently offers users Internet connectivity on a wide variety of products targeted at headquarters sites, departments and branch offices, including the Cisco 7000, Cisco 4000>, Cisco 2500 and Cisco 1000 series of routers.

Internet Junction, founded in March, 1994, employs 10 persons at the company's headquarters in Mountain View, CA. The company's mission is to provide simple and effective access to the Internet, to develop applications that address the need for secure Internet communications and to provide powerful tools for managing internet access.

Cisco Systems is the leading global supplier of enterprise networks, including routers, LAN and ATM switches, dial-up access servers and network management software. These products, integrated by the Cisco IOS software, link geographically dispersed LANs, WANs and IBM networks. Cisco news and product/service information are available at the World Wide Web site . Cisco is headquartered in San Jose, CA. Its stock is traded in the United States on NASDAQ under the symbol CSCO.

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Posted: Sep 7 10:55:14 1995