Contact Information: Press Contact: Ron Piovesan Cisco Systems, Inc. 408 527-0287 rpiovesa@cisco.com Investor Relations Contact: Liz Lemon Cisco Systems, Inc. 408 527-8452 lemon@cisco.com Industry Analyst Relations Contact: Lisa Caywood Cisco Systems, Inc. 408 853-0242 lcaywood@cisco.com
SAN JOSE, CA -- (MARKET WIRE) -- February 21, 2007 -- Cisco Systems, Inc. (NASDAQ : CSCO ) today
announced a definitive agreement to acquire privately held Reactivity, Inc.
of Redwood City, California. Reactivity is a leading XML (eXtensible Markup
Language) gateway provider for organizations ranging from commercial
enterprises to the Global 500.
Customers and major software providers are evolving their enterprise
software architectures from a client-server paradigm to a service-oriented
architecture. In addition, customers are deploying a variety of Web 2.0
capabilities that are collectively transforming the World Wide Web from a
collection of relatively static web sites to a services rich computing
platform. XML- and Simple Object Access Protocol (SOAP)-based web services
are becoming the de facto communications and information exchange standard
for this new model of applications. Reactivity's industry leading XML
gateways enable customers to efficiently deploy, secure, and accelerate XML
and web services.
The acquisition demonstrates Cisco's commitment to the expanding
Application Networking Services (ANS) Advanced Technology segment, which is
an important part of Cisco's Service-Oriented Network Architecture (SONA)
strategy and vision. Cisco ANS provides customers with shared
application-aware services to improve the availability, performance, and
security of applications delivered from the network platform. Reactivity
complements and extends the capability of Cisco's ANS portfolio for these
emerging application architectures.
"Customers continue to validate our on-going strategy of building more
application services on the network platform," said Jayshree Ullal, Senior
Vice President, Datacenter Switching and Security Technology Group (DSSTG).
"Reactivity together with our Application Control Engine (ACE) provides a
highly capable solution for customers' application delivery needs in the
data center."
Under the terms of this agreement, Cisco will pay approximately $135
million in cash and assumed options of Reactivity. The acquisition is
subject to various standard closing conditions, including applicable
regulatory approvals, and is expected to close in the third quarter of
Cisco's fiscal year 2007, ending April 28, 2007.
Reactivity was founded in 1998 and has 56 employees in Redwood City, Calif.
Upon close of the transaction, the Reactivity team and products will be
integrated into DSSTG reporting up into Ullal.
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