M&A Deal Summary

Cisco Systems Acquires Twingo Systems

On April 20, 2004, Cisco Systems acquired software company Twingo Systems for 5M USD

Acquisition Highlights
  • This is Cisco Systems’ 26th transaction in the Software sector.
  • This is Cisco Systems’ 133rd largest (disclosed) transaction.
  • This is Cisco Systems’ 73rd transaction in the United States.
  • This is Cisco Systems’ 40th transaction in California.

M&A Deal Summary

Date 2004-04-20
Target Twingo Systems
Sector Software
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

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).

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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 83 of 223
Sector: Software M&A 26 of 87
Type: Add-on Acquisition M&A Deals 79 of 215
State: California M&A 40 of 112
Country: United States M&A 73 of 189
Year: 2004 M&A 3 of 14
Size (of disclosed) 133 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-22 Riverhead Networks

Cupertino, California, United States

Riverhead Networks is a developer of security technology that protects against Distributed Denial of Service ("DDoS") attacks and other security threats in enterprise and service provider networks.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-17 Procket Networks

Milpitas, California, United States

Procket Networks is a developer of concurrent services routers and has expertise in silicon and software development.

Buy -