News Release

Cisco Completes Acquisition of MOTO

Cisco Press Release

SAN JOSE, Calif., June 2, 2010 – Cisco (NASDAQ: CSCO) today announced it has completed its acquisition of MOTO Development Group. MOTO is a design consulting firm that develops innovative products and product strategies for the consumer industry.  MOTO's talent base will complement Cisco's and enable Cisco to rapidly enhance its consumer product development road map.

With the completion of the transaction today, MOTO is now part of Cisco Consumer Products, led by Jonathan Kaplan.