M&A Deal Summary

Cisco Systems Acquires Procket Networks

On June 17, 2004, Cisco Systems acquired technology hardware company Procket Networks

Acquisition Highlights
  • This is Cisco Systems’ 24th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 74th transaction in the United States.
  • This is Cisco Systems’ 41st transaction in California.

M&A Deal Summary

Date 2004-06-17
Target Procket Networks
Sector Technology Hardware
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition

Target

Procket Networks

Milpitas, California, United States
Procket Networks is a developer of concurrent services routers and has expertise in silicon and software development.

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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 84 of 223
Sector: Technology Hardware M&A 24 of 40
Type: Add-on Acquisition M&A Deals 80 of 215
State: California M&A 41 of 112
Country: United States M&A 74 of 189
Year: 2004 M&A 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-20 Twingo Systems

Mountain View, California, United States

Twingo Systems is a provider of desktop security solutions for Secure Socket Layer (SSL) Virtual Private Networks (VPNs).

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-29 Actona Technologies

Los Gatos, California, United States

Actona is a developer of wide-area file services software that facilitates data management across geographically distributed offices.

Buy $82M