*Cisco Announces Definitive Agreement to Acquire Navini Networks*
Extends the Cisco IP Next Generation Network Vision to Deliver Wireless
Broadband Services and Increase Internet Access in Emerging Markets
October 23, 2007: 08:00 AM EST
Cisco® (NASDAQ: CSCO) today announced a definitive agreement to purchase
Richardson, TX-based Navini Networks, Inc. a leader in the Mobile WiMAX
802.16e-2005 broadband wireless industry. Navini is a pioneer in the
integration of "Smart Beamforming" technologies with Multi-Input
Multi-Output (MIMO) antennas, a combination that improves the
performance and range for WiMAX services and lowers the overall
deployment and operational costs for service providers.
Navini's WiMAX products will extend Cisco's market-leading WiFi and
WiFi-Mesh portfolios, allowing Cisco to uniquely address the rapidly
growing markets for broadband wireless services.
The acquisition of Navini will help extend and enhance Cisco's IP Next
Generation Network (IP NGN) vision to enable service providers to
deliver any service to any device over any network -- a vision that
Cisco calls the Connected Life. The addition of broadband wireless
products based upon WiMAX will complement existing Cisco products and
solutions to enable service providers to deliver premium end-to-end
Connected Experiences and hasten their transition to becoming Experience
Providers.
Cisco also expects that its broadband wireless solution portfolio, that
now includes WiMAX products, will play a key role in Cisco's Country
Transformation and "Digital Inclusion" initiatives to drive broadband
penetration to consumers and business in emerging countries.
"Emerging country service providers are in expansion mode, building out
broadband wireless networks and are concerned about deployment costs and
the availability of skilled resources," said Brett Galloway, vice
president and general manager of the Wireless Networking Business Unit,
Cisco. "Around the world broadband wireless networks based upon WiMAX
have the potential to add millions of new Internet users who cannot be
reached economically using copper or fiber infrastructures.
Additionally, WiMAX networks will help drive the transition to open
IP-based broadband wireless architectures and accelerate the rollout of
new applications and services."
Cisco selected Navini based on its industry-leading product portfolio,
unmatched innovation and its real-world commercial deployments with
service provider customers worldwide. Navini offers a leading portfolio
of broadband wireless WiMAX solutions with comprehensive offerings
including base stations, adaptive antenna arrays, management systems,
and subscriber modems, which has been sold to more than 75 customers.
Under the terms of the agreement, Cisco will pay approximately $330
million in cash and assumed options. The Navini acquisition is subject
to various standard closing conditions and is expected to close in the
second quarter of Cisco's 2008 fiscal year. Upon the close of the
acquisition, Cisco plans to integrate Navini into its Wireless
Networking Business Unit, under the Ethernet and Wireless Technology
Group. This will be acquisition No. 124 for Cisco.
About Cisco Systems
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that
transforms how people connect, communicate and collaborate. Information
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