Cisco Completes Acquisition of Arch Rock
SAN JOSE, Calif. - Sept. 20, 2010 - Cisco today announced it has completed its acquisition of privately held Arch Rock Corporation, a pioneer in Internet Protocol-based wireless network technology for smart-grid applications. Based in San Francisco, Arch Rock will accelerate Cisco's ability to facilitate the utility industry's transition to an open and interoperable smart grid by enabling Cisco to offer a comprehensive and highly secure advanced metering infrastructure solution that is fully IP and open-standards based.
Arch Rock brings to Cisco a proven team that has been a leader in the research and development of wireless networking for smart-grid applications. With the close of the acquisition, the Arch Rock team becomes part of Cisco's industry-leading Smart Grid business unit.
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This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected benefits to Cisco from completing the acquisition. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the retention of employees of Arch Rock and the ability of Cisco to successfully integrate Arch Rock and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
- Kristin Carvell Cisco Systems, Inc. +1 408 424 0206 email@example.com