M&A Deal Summary

Cisco Systems Acquires Pirelli

On December 20, 1999, Cisco Systems acquired information technology company Pirelli for 100M USD

Acquisition Highlights
  • This is Cisco Systems’ 16th transaction in the Information Technology sector.
  • This is Cisco Systems’ 91st largest (disclosed) transaction.
  • This is Cisco Systems’ 1st transaction in Italy.

M&A Deal Summary

Date 1999-12-20
Target Pirelli
Sector Information Technology
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Pirelli

Milan, Italy
Pirelli is a recognized innovator in both optical component technology and optical systems for 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 48 of 223
Sector: Information Technology M&A 16 of 45
Type: Add-on Acquisition M&A Deals 46 of 215
Country: Italy M&A 1 of 1
Year: 1999 M&A 18 of 18
Size (of disclosed) 91 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-17 Internet Engineering Group

Ann Arbor, Michigan, United States

IEng is a developer of high-performance software. IEng's software resides in the core of the service providers' network. Their open, standards-based software suite can be easily integrated with Cisco's existing network software offering to bring more functionality, flexibility and scalability to optical internetworks.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-19 Compatible Systems

Boulder, Colorado, United States

Compatible Systems Corp. is a VPN solutions provider.

Buy -