Cisco Announces Agreement to Acquire SpansLogic
SAN JOSE, CA, March 28, 2007 - Cisco Systems, Inc., (NASDAQ: CSCO) today announced a definitive agreement to acquire privately-held SpansLogic Inc., of Mountain View, Calif. SpansLogic is a leading provider of processors that dramatically improve packet processing speeds across the network.
With each generation of Ethernet offering a 10x increase in speed, embedding SpansLogic performance into Cisco's switch platforms will lead to new levels of feature efficiency.
"It is imperative that the network be tightly integrated with very high speed processing capabilities eliminating bottlenecks," said Tom Edsall, Senior Vice President, Datacenter Business Unit (DCBU). "With SpansLogic, Cisco will be able to improve overall traffic efficiency and throughput across the network"
SpansLogic was founded in 2004 and has 14 employees in Mountain View, Calif.
The terms of the deal were not disclosed. The acquisition is subject to various standard closing conditions and is expected to close in the third quarter of Cisco's fiscal year 2007, ending April 28, 2007.
Upon close of the transaction, the SpansLogic team and products will be integrated into DCBU reporting into Edsall.
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