M&A Deal Summary

Cisco Systems Acquires Psionic Software

On October 22, 2002, Cisco Systems acquired software company Psionic Software for 12M USD

Acquisition Highlights
  • This is Cisco Systems’ 21st transaction in the Software sector.
  • This is Cisco Systems’ 130th largest (disclosed) transaction.
  • This is Cisco Systems’ 66th transaction in the United States.
  • This is Cisco Systems’ 7th transaction in Texas.

M&A Deal Summary

Date 2002-10-22
Target Psionic Software
Sector Software
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Psionic Software

Austin, Texas, United States
Psionic Software Inc. is a privately held intrusion-detection software (IDS) vendor.

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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 76 of 223
Sector: Software M&A 21 of 87
Type: Add-on Acquisition M&A Deals 72 of 215
State: Texas M&A 7 of 10
Country: United States M&A 66 of 189
Year: 2002 M&A 4 of 4
Size (of disclosed) 130 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-25 AYR Networks

Palo Alto, California, United States

Ayr Networks, a provider of high-performance distributed networking services and scalable routing software.

Buy $113M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-26 Okenan

Waltham, Massachusetts, United States

Okena provides threat protection for desktop and server computing systems, also known as "endpoints," by identifying and preventing malicious behavior before it causes harm.

Buy $154M