Cisco Completes Acquisition of M. I. Secure Corporation
SAN JOSE, Calif., June 14, 2005 - Cisco Systems® today announced it has completed the acquisition of privately-held M. I. Secure Corporation of San Jose, Calif. M. I. Secure is focused on the development of advanced features and functionality for security and VPN solutions. This purchase brings unique security technology expertise and a team of proven security architects to Cisco.
Under the terms of the agreement, Cisco will pay up to approximately $13 million in cash for M. I. Secure. M. I. Secure is now part of Cisco's Security Technology Group (STG).
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