M&A Deal Summary

Cisco Systems Acquires Development Subsidiary - Seagull Semiconductors

On April 12, 2000, Cisco Systems acquired semiconductors company Development Subsidiary - Seagull Semiconductors for 19M USD

Acquisition Highlights
  • This is Cisco Systems’ 2nd transaction in the Semiconductors sector.
  • This is Cisco Systems’ 126th largest (disclosed) transaction.
  • This is Cisco Systems’ 3rd transaction in Israel.

M&A Deal Summary

Date 2000-04-12
Target Development Subsidiary - Seagull Semiconductors
Sector Semiconductors
Buyer(s) Cisco Systems
Deal Type Divestiture
Deal Value 19M USD

Target

Development Subsidiary - Seagull Semiconductors

Israel
Seagull's development subsidiary is comprised of Seagull's core technology development team. Seagull's development team has high-speed silicon expertise which will allow Cisco to accelerate the development of terabit performance routers, and also strengthens Cisco's New World strategy by enhancing its ability to provide next generation IP networking infrastructures to service providers.

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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 56 of 223
Sector: Semiconductors M&A 2 of 9
Type: Divestiture M&A Deals 3 of 7
Country: Israel M&A 3 of 6
Year: 2000 M&A 8 of 20
Size (of disclosed) 126 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-11 Pentacom

Herzliya, Israel

Pentacom is a provider of products implementing Spatial Reuse Protocol (SRP) which allows IP based metropolitan networks to offer the same protection and restoration benefits as SONET-based networks while doubling bandwidth efficiency. Pentacom's technology provides fiber management and hubbing for IP transport networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-05 ArrowPoint Communications

Acton, Massachusetts, United States

ArrowPoint Communications is a provider of content switches that optimize the delivery of web content.

Buy $5.7B