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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cisco Systems, Inc.    CSCO

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Cisco Systems, Inc. : Cisco Completes Acquisition of ClearAccess

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05/01/2012 | 02:59pm CET

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. 


Press Contacts

  • Robyn Jenkins-BlumCisco Systems, Inc.408 853-9848 rojenkin@cisco.com

Investor Relations Contacts

  • Carol VillazonCisco+1 408 527 6538 carolv@cisco.com
Industry Analyst Relations
  • Benjamin CulpCisco Systems, Inc.949 823-3787 beculp@cisco.com
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Financials ($)
Sales 2017 48 360 M
EBIT 2017 14 929 M
Net income 2017 9 838 M
Finance 2017 20 383 M
Yield 2017 3,17%
P/E ratio 2017 17,67
P/E ratio 2018 16,19
EV / Sales 2017 3,12x
EV / Sales 2018 2,86x
Capitalization 171 124 M
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Average target price 34,9 $
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Charles H. Robbins Chief Executive Officer & Director
John T. Chambers Executive Chairman
Rebecca J. Jacoby Chief Operating Officer & Senior Vice President
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
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