Cisco Systems, Inc. has announced a definitive agreement to acquire privately held Meetinghouse Data Communications...
July 7, 2006
Cisco Systems, Inc. has announced a definitive agreement to acquire privately held Meetinghouse Data Communications, Inc. of Portsmouth, N.H.
Meetinghouse provides client-side 802.1X supplicant security software that allows enterprise customers to restrict network access to only authorized users and/or host devices attempting to gain access to networked resources through both wired and wireless media.
When integrated with Cisco’s existing security portfolio, Meetinghouse’s AEGIS SecureConnect products will enable Cisco to provide a single unified wired and wireless client to enterprise customers that will help them reduce operational costs by simplifying the security management of host devices and operating systems.
Under the terms of this agreement, Cisco will pay approximately US$43.7 million in cash and assumed options for Meetinghouse.
The acquisition is subject to standard closing conditions, including applicable regulatory approvals, and is expected to close in the first quarter of Cisco’s fiscal year 2007, which ends on Oct. 28 of this year.
Meetinghouse was founded in 1988 and has 77 employees, all of whom are located in Portsmouth.