Cisco Completes Acquisition of Cariden
SAN JOSE, Calif. – December 17, 2012 – Cisco today announced it has completed the acquisition of privately held Cariden Technologies, Inc., a Sunnyvale, Calif.-based supplier of network planning, design and traffic management solutions for telecommunications service providers. This acquisition includes Cariden’s industry-leading capacity planning and management tools for IP/MPLS (Multi-Protocol Label Switching) networks and talent.
Cariden’s products and technology will advance Cisco’s nLight technology for IP and optical convergence and will allow service providers to improve both the programmability of their networks and the utilization of existing network assets across the IP and optical transport layers.
The Cariden team will be integrated into Cisco’s Service Provider Networking Group. Under the terms of the agreement, Cisco paid approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden.
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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, and plans regarding Cariden personnel. 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 potential impact on the business of Cariden due to the uncertainty about the acquisition, the retention of employees of Cariden and the ability of Cisco to successfully integrate Cariden 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.