M&A Deal Summary

Cisco Systems Acquires Summa Four

On July 28, 1998, Cisco Systems acquired technology hardware company Summa Four for 116M USD

Acquisition Highlights
  • This is Cisco Systems’ 10th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 83rd largest (disclosed) transaction.
  • This is Cisco Systems’ 24th transaction in the United States.
  • This is Cisco Systems’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 1998-07-28
Target Summa Four
Sector Technology Hardware
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 116M USD

Target

Summa Four

Manchester, New Hampshire, United States
Summa Four is a provider of programmable switches. Summa Four's open standards-based programmable switches will enable Cisco to offer value-added telephony applications to new and existing service providers as well as extending these services to a voice-over-IP (Internet Protocol) infrastructure.

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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 26 of 223
Sector (Technology Hardware) 10 of 40
Type (Add-on Acquisition) 24 of 215
State (New Hampshire) 1 of 2
Country (United States) 24 of 189
Year (1998) 5 of 9
Size (of disclosed) 83 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-18 CLASS Data Systems

Ra'anana, Israel

CLASS Data's products give network managers the ability to allocate network resources according to company policies and priorities. Such control capabilities mean business-critical applications are assured timely, high-quality network transport.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-21 American Internet

United States

AIC is a provider of software solutions for IP address management and Internet access.

Buy $56M
Mergr

Product

Company

Legal