SAN JOSE, CA--(Marketwire - April 12, 2010) - Cisco (
As part of its commitments, announced on March 29, Cisco agreed to divest ownership of its TelePresence Interoperability Protocol (TIP) and the library of open source software useful to implementers of TIP to an independent industry body, as well as the creation of the monitoring role announced today. Cisco will also provide the industry body with all other rights necessary to implement TIP and authorize the industry body to license those rights to any interested party, royalty-free. Cisco launched a website on April 8 providing TIP licensing information.
With the approval of the appointment of CompetitionRx, Cisco has received all regulatory approvals necessary to complete its acquisition of TANDBERG. The acquisition remains subject to regulatory review in Brazil; however, clearance in Brazil is not a condition to closing. Cisco's offer is now wholly unconditional. Under the terms of the offer, Cisco now has 14 days to close the transaction.
About Cisco
Cisco (
Cisco, the Cisco logo and Cisco Systems are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States 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 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 our commitments and the benefits from our commitments, and the expected time frame in which the transaction will close. 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 TANDBERG due to uncertainty relating to the acquisition, the retention of employees of TANDBERG and the ability of Cisco to successfully integrate TANDBERG 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 report on Form 10-Q filed with the SEC on February 17, 2010. 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 Contact:
Cisco International:
Heather Dickinson
+44 (0)20 8824 6049
hdickins@cisco.com
Cisco United States:
Kristin Carvell
+1 408 424 0206
kcarvell@cisco.com
Analyst Contact:
Main Contact:
Melissa Selcher
+1 408 424 1335
mselcher@cisco.com
Investor Relations
Contact:
Main Contact:
Laura Graves
+1 408 526 6521
lagraves@cisco.com
International Contact:
Matt Hardwick
+44 (0)20 8824 1970
mahardwi@cisco.com