M&A Deal Summary

Cisco Systems Acquires Cerent

On November 1, 1999, Cisco Systems acquired information technology company Cerent from Integral Capital Partners for 6.9B USD

Acquisition Highlights
  • This is Cisco Systems’ 14th transaction in the Information Technology sector.
  • This is Cisco Systems’ 3rd largest (disclosed) transaction.
  • This is Cisco Systems’ 39th transaction in the United States.
  • This is Cisco Systems’ 22nd transaction in California.

M&A Deal Summary

Date 1999-11-01
Target Cerent
Sector Information Technology
Buyer(s) Cisco Systems
Sellers(s) Integral Capital Partners
Deal Type Add-on Acquisition
Deal Value 6.9B USD

Target

Cerent

Petaluma, California, United States
Cerent,is a developer of next-generation optical transport products.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

website


Category Company
Founded 1984
Sector Technology Hardware
Employees83,300
Revenue 51.6B USD (2022)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 43 of 222
Sector (Information Technology) 14 of 45
Type (Add-on Acquisition) 41 of 214
State (California) 22 of 112
Country (United States) 39 of 188
Year (1999) 13 of 18
Size (of disclosed) 3 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-26 Tasmania Network Systems

San Jose, California, United States

Tasmania is a developer of network caching software technology.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-09 Aironet Wireless Communications

Akron, Ohio, United States

Aironet Wireless Communications, Inc. is a developer of high-speed wireless LAN products.

Buy $799M

Seller(S) 1

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor

website


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 11 of 67
Sector (Information Technology) 2 of 14
Type (Add-on Acquisition) 8 of 45
State (California) 9 of 48
Country (United States) 11 of 66
Year (1999) 6 of 6
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-31 Amplitude Software

San Francisco, California, United States

Enterprise Reservation and Calendar Software.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-22 Gartner

Stamford, Connecticut, United States

Gartner is an information technology research and advisory company. Gartner delivers the technology-related insight to clients worldwide. Gartner was founded in 1979 and is based in Stamford, Connecticut.

Buy -