SAN JOSE, Calif., June 23, 2000 -- Cisco Systems, Inc., today announced it has completed the acquisition of ArrowPoint of Acton, Massachusetts.

On May 5, 2000, Cisco announced a definitive agreement to acquire ArrowPoint, a leading provider of content switches that optimize the delivery of web content. The ArrowPoint organization has become the Content Switching Technologies Business Unit within Cisco's Service Provider Line of Business, delivering Cisco 11000 Series Content Service Switches featuring industry-leading Web NS software. This acquisition is being accounted for using pooling accounting.