SAN JOSE, CA--(Marketwire - March 2, 2011) - Cisco (
In addition to advanced technology, Pari Networks brings to Cisco an industry-leading team of engineers that will continue to build out and strengthen Cisco's smart service capabilities. Cisco and its partners have been evolving service offerings from reactive to proactive by embedding smart service capabilities throughout professional and technical services.
Financial terms of the transaction are undisclosed. With the close of the acquisition, Pari Networks employees become part of Cisco's Technical Services.
About Cisco Systems
Cisco (
Cisco, the Cisco logo, and Cisco Systems are registered trademarks of Cisco Systems, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document 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. This document is Cisco Public Information.
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 benefits to Cisco, its partners and its customers from completing the acquisition. 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 Pari Networks due to the uncertainty about the acquisition, the retention of employees of Pari Networks and the ability of Cisco to successfully integrate Pari Networks 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.
For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the following link:
http://newsroom.cisco.com/dlls/rss.html
Contact Information:
Press:
Kristin Carvell
(408) 424-0206
kcarvell@cisco.com
Industry Analysts:
Laura Irwin
(408) 853-8876
lirwin@cisco.com
Investor Relations:
John Choi
(408) 526-6651
johnchoi@cisco.com