Cisco Announces Intent to Acquire Cariden

Cisco Announces Intent to Acquire Cariden 
Acquisition Further Strengthens Cisco's Ability to Lead the Evolution
in Service Provider Networking 
SAN JOSE, CA -- (Marketwire) -- 11/29/12 --  Cisco (NASDAQ: CSCO)
today announced its intent to acquire privately held Cariden
Technologies, Inc., a Sunnyvale, Calif.-based supplier of network
planning, design and traffic management solutions for
telecommunications service providers. With global service providers
converging their Internet Protocol (IP) and optical networks to
address exploding Internet and mobile traffic growth and complex
traffic patterns, Cisco's acquisition of Cariden will allow providers
to enhance the visibility, programmability and efficiency of their
converged networks, while improving service velocity.  
Cariden's industry-leading capacity planning and management tools for
IP/MPLS (Multi-Protocol Label Switching) networks, which have been
deployed by many of the world's leading fixed and mobile network
operators, will be integrated into Cisco's Service Provider
Networking Group to enable multilayer modeling and optimization of
optical transport and IP/MPLS networks. Cariden's products and
technology will advance Cisco's nLight technology for IP and optical
convergence. The acquisition also supports the company's Open Network
Environment (ONE) strategy by providing sophisticated wide area
networking (WAN) orchestration capabilities. These capabilities will
allow service providers to improve both the programmability of their
networks and the utilization of existing network assets across the IP
and optical transport layers. 
"The Cariden acquisition reinforces Cisco's commitment to offering
service providers the technologies they need to optimize and monetize
their networks, and ultimately grow their businesses," said Surya
Panditi, senior vice president and general manager, Cisco's Service
Provider Networking Group. "Given the widespread convergence of IP
and optical networks, Cariden's technology will help carriers more
efficiently manage bandwidth, network traffic and intelligence. This
acquisition signals the next phase in Cisco's packet and optical
convergence strategy and further strengthens our ability to lead this
market transition in networking." 
The acquisition of Cariden exemplifies Cisco's build, buy, and
partner innovation framework and is aligned to Cisco's strategic
goals to develop and deliver innovative networking technologies and
provide best-in-class solutions for customers, all while attracting
and cultivating top talent. 
Upon the close of the acquisition, Cariden employees will be
integrated into Cisco's Service Provider Networking Group, reporting
to Shailesh Shukla, vice president and general manager of the
company's Software and Applications Group. Under the terms of the
agreement, Cisco will pay approximately $141 million in cash and
retention-based incentives in exchange for all shares of Cariden. The
acquisition is subject to various standard closing conditions and is
expected to be completed in the second quarter of Cisco's fiscal year
About Cisco
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networking that transforms how people connect, communicate and
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not imply a partnership relationship between Cisco and any other
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 Cariden
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 Cariden
due to the uncertainty about the acquisition, the retention of
employees of Cariden and the ability of Cisco to successfully
integrate Cariden 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
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