M&A Deal Summary

Cisco Systems Acquires FineGround Networks

On May 26, 2005, Cisco Systems acquired software company FineGround Networks for 70M USD

Acquisition Highlights
  • This is Cisco Systems’ 35th transaction in the Software sector.
  • This is Cisco Systems’ 101st largest (disclosed) transaction.
  • This is Cisco Systems’ 88th transaction in the United States.
  • This is Cisco Systems’ 52nd transaction in California.

M&A Deal Summary

Date 2005-05-26
Target FineGround Networks
Sector Software
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

FineGround Networks

Campbell, California, United States
FineGround 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.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees90,400
Revenue 53.8B USD (2024)
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 99 of 223
Sector: Software M&A 35 of 87
Type: Add-on Acquisition M&A Deals 95 of 215
State: California M&A 52 of 112
Country: United States M&A 88 of 189
Year: 2005 M&A 5 of 12
Size (of disclosed) 101 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-23 Vihana

Sunnyvale, California, United States

Vihana, Inc. of Sunnyvale, Calif. Vihana is focused on the development of efficient semiconductor solutions for the computer and communications industry.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-14 M. I. Secure

San Jose, California, United States

M. I. Secure Corporation of San Jose, Calif. M. I. Secure is focused on the development of advanced features and functionality for security and VPN solutions.

Buy $13M