Cisco Systems Broadens Internet Access to the Desktop, Acquires Internet Junction, Inc.
San Jose, Calif., September 6, 1995 -- Cisco Systems Inc. today announced anagreement to purchase Internet Junction Inc., a developer of Internet gatewaysoftware that connects desktop users with the Internet. The acquisition willbroaden Cisco's offerings for Internet application access to the desktop andincorporate additional management and security capabilities. InternetJunction Passport software allows users to run IP-based applications such asMosaic and access on-line resources without installing IP Internet accesssoftware on every Novell NetWare PC.
Cisco will acquire the privately-held Internet Junction in a stock swap inwhich 81,000 shares of Cisco stock will be exchanged for all outstandingshares and options of Internet Junction. The closing price of Cisco commonstock on Sept. 5 was $68.12 per share, giving the transaction an indicatedvalue of $5.5 million. The transaction is expected to be completed by theend of September, and is subject to clearance under various conditions.Internet Junction's employees and management, including President and CEOKrish Ramakrishnan, and product line will be incorporated into Cisco'sBusiness Development and Access Business Unit groups.
Cisco is acquiring Internet Junction to provide users with Internet gatewaysoftware for central and remote office Internet access; expand its expertisein software-based Internet gateway tools for popular computing platforms;and leverage Internet Junction's alliances. Both Cisco and Internet Junctionhave alliance relationships with many Internet service providers which willprovide broad-based interoperability to customers.
Internet Junction's Passport connects multiple PC users on Novell LANs tothe Internet. The software lets customers run Internet applications withoutincurring the administrative cost of installing and maintaining TCP/IP onevery desktop. Network managers using Internet Junction Passport preserveWindows NT, Novell NetWare and UNIX network investments by isolatingmission-critical network servers for more sensitive business information.
Key functions of Internet Junction Passport will be integrated into theCisco Internetwork OperatingSystem (Cisco IOS) software, extendingthose capabilities throughout an enterprise network. As a result, Cisco'scustomers gain network-based Internet access without burdening valuablenetwork server resources. Cisco currently offers users Internetconnectivity on a wide variety of products targeted at headquarters sites,departments and branch offices, including the Cisco 7000, Cisco 4000>,Cisco 2500 and Cisco 1000series of routers.
Internet Junction, founded in March, 1994, employs 10 persons at thecompany's headquarters in Mountain View, CA. The company's mission is toprovide simple and effective access to the Internet, to developapplications that address the need for secure Internet communications andto provide powerful tools for managing internet access.
Cisco Systems is the leadingglobal supplier of enterprise networks,including routers, LAN and ATM switches, dial-up access servers and networkmanagement software. These products, integrated by the Cisco IOSsoftware, link geographically dispersed LANs, WANs and IBM networks. Cisconews and product/service information are available at the World WideWeb site . Cisco is headquartered in SanJose, CA.Its stock is traded in the United States on NASDAQ under the symbol CSCO.
Posted: Sep 7 10:55:14 1995