May 01, 2012
SAN JOSE, Calif. – May 1, 2012 – Cisco today announced the completion of the acquisition of privately held ClearAccess, a Vancouver, Wash. based company that provides TR-069 standards-based software to service providers for the provisioning and management of residential and mobile devices. This acquisition includes ClearAccess' software business and talent. Cisco and ClearAccess' combined network management and software capabilities will enable service providers to better deliver, manage and monetize their services, while helping to improve operational efficiencies and customer experiences.
The ClearAccess team will be integrated into the Cisco Network Management Technology Group. Specific financial terms of the transaction are undisclosed.
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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 completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding ClearAccess 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 ClearAccess due to the uncertainty about the acquisition, the retention of employees of ClearAccess and the ability of Cisco to successfully integrate ClearAccess 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.