M&A Deal Summary

Cisco Systems Acquires Starent Networks

On December 18, 2009, Cisco Systems acquired technology hardware company Starent Networks for 2.9B USD

Acquisition Highlights
  • This is Cisco Systems’ 30th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 10th largest (disclosed) transaction.
  • This is Cisco Systems’ 124th transaction in the United States.
  • This is Cisco Systems’ 11th transaction in Massachusetts.

M&A Deal Summary
Date 2009-12-18
Target Starent Networks
Sector Technology Hardware
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 2.9B USD
Advisor(s) Goldman Sachs (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Starent Networks

Tewksbury, Massachusetts, United States
Starent Networks Corp. is a provider of IP-based mobile infrastructure solutions for mobile and converged network operators.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States
Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
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 138 of 223
Sector (Technology Hardware) 30 of 40
Type (Add-on Acquisition) 132 of 215
State (Massachusetts) 11 of 16
Country (United States) 124 of 189
Year (2009) 6 of 6
Size (of disclosed) 10 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Frontier Services - DVN Set-Top Box

China

Frontier Services - DVN Set-Top Box business is a developer and marketer of digital cable boxes.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Rohati Systems

Sunnyvale, California, United States

Rohati Systems is a cloud-based security provider. Rohati’s system helps establish entitlements by controlling through its Layer 7 access method who has what access to data using context-specific attributes.

Buy -
Mergr

Product

Company

Legal