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Cisco to purchase FineGround

Cisco Systems Inc. today announced a definitive agreement to acquire privately held FineGround Networks, Inc.


May 26, 2005  


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Cisco Systems Inc. today announced a definitive agreement to acquire privately held FineGround Networks, Inc.

The company is a provider of network appliances that accelerate, secure, and monitor application delivery while minimizing bandwidth usage and maximizing infrastructure capacity in the data center.

Under the terms of the agreement, Cisco will pay an estimated US$70 million in cash and options for FineGround.

The acquisition is subject to various standard-closing conditions, including applicable regulatory approvals, and is expected to close in the fourth quarter of Cisco’s fiscal year 2005 ending July 30.

“This acquisition further enhances Cisco’s strategy to converge application acceleration, security and a highly available network infrastructure seamlessly in the data center,” said Jayshree Ullal, senior Vice President and general Manager of Cisco’s Security Technology Group.

FineGround’s technology uses application-optimization techniques that provide bandwidth efficiencies, decreased latency and server offload across the network.