Cisco Systems, Inc. : Cisco Completes Acquisition of ClearAccess
05/01/2012| 08:59am US/Eastern
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PRESS RELEASE
Cisco Completes Acquisition of ClearAccess
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.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking
that transforms how people connect, communicate and
collaborate. Information about Cisco can be found at http://www.cisco.com.
For ongoing news, please go to http://newsroom.cisco.com
.
# # #
Cisco and the Cisco logo are trademarks or registered
trademarks of Cisco and/or its affiliates in the U.S. and
other countries. A listing of Cisco's trademarks can be
found at www.cisco.com/go/trademarks
. Third-party trademarks mentioned are the property of their
respective owners. The use of the word partner does not imply
a partnership relationship between Cisco and any other
company.
Forward-Looking Statements
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.
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