Cisco Completes Acquisition of Insieme Networks
SAN JOSE, Calif. – Dec 10, 2013 – Cisco today announced it has completed the acquisition of privately held Insieme Networks, a San Jose-based company focused on the development of application-centric infrastructure products in the data center.
On November 6, 2013, Cisco announced the Application Centric Infrastructure (ACI), new professional services, and an open ecosystem of partners to provide customers with a data center networking solution that supports applications in a way never provided before, with the end goal to enable greater business agility. With ACI, Cisco is delivering to customers the first data center and cloud solution that offers full visibility and integrated management of physical and virtual networked IT resources, all built around meeting the needs of applications. At that time, Cisco also announced its intent to acquire the remaining interest that it did not yet hold in Insieme Networks.
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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 and its customers 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 Insieme and the ability of Cisco to successfully integrate Insieme 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 report on 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.