M&A Deal Summary

Cisco Systems Acquires Okenan

On January 26, 2003, Cisco Systems acquired information technology company Okenan for 154M USD

Acquisition Highlights
  • This is Cisco Systems’ 27th transaction in the Information Technology sector.
  • This is Cisco Systems’ 69th largest (disclosed) transaction.
  • This is Cisco Systems’ 67th transaction in the United States.
  • This is Cisco Systems’ 9th transaction in Massachusetts.

M&A Deal Summary

Date 2003-01-26
Target Okenan
Sector Information Technology
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 154M USD

Target

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.

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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 77 of 223
Sector: Information Technology M&A 27 of 45
Type: Add-on Acquisition M&A Deals 73 of 215
State: Massachusetts M&A 9 of 16
Country: United States M&A 67 of 189
Year: 2003 M&A 1 of 4
Size (of disclosed) 69 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-22 Psionic Software

Austin, Texas, United States

Psionic Software Inc. is a privately held intrusion-detection software (IDS) vendor.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-20 The Linksys Group

Irvine, California, United States

Linksys is a provider of home networking equipment.

Buy $500M