SAN JOSE, Calif., February 26, 2001 - Cisco Systems, Inc., today announced it has completed the acquisition of privately held ExiO Communications, Inc.
On Dec. 14, 2000, Cisco announced a definitive agreement to acquire ExiO Communications, Inc., a leading developer of in-building, wireless technologies for corporate networks based on standard, Code Division Multiple Access (CDMA) technologies. The acquisition enhances Cisco's New World strategy for addressing the in-business wireless market requiring a solution based on next-generation CDMA technologies. ExiO's wireless telephony solution builds on Cisco's existing wireless technology that enables enterprise customers to add the convenience of mobility to voice-over-IP (Internet Protocol) services. This acquisition is being accounted for as a purchase.