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Cisco Systems Broadens Internet Access to the Desktop,
Acquires Internet
Junction, Inc.
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.
Posted: Sep 7 10:55:14 1995
Overall Rating:
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