M&A Deal Summary

Cisco Systems Acquires V-Bits

On November 11, 1999, Cisco Systems acquired software company V-Bits for 128M USD

Acquisition Highlights
  • This is Cisco Systems’ 11th transaction in the Software sector.
  • This is Cisco Systems’ 75th largest (disclosed) transaction.
  • This is Cisco Systems’ 41st transaction in the United States.
  • This is Cisco Systems’ 23rd transaction in California.

M&A Deal Summary

Date 1999-11-11
Target V-Bits
Sector Software
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 128M USD

Target

V-Bits

San Jose, California, United States
V-Bits Inc., a software maker of digital video-processing systems for cable-television 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 45 of 223
Sector: Software M&A 11 of 87
Type: Add-on Acquisition M&A Deals 43 of 215
State: California M&A 23 of 112
Country: United States M&A 41 of 189
Year: 1999 M&A 15 of 18
Size (of disclosed) 75 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-09 Aironet Wireless Communications

Akron, Ohio, United States

Aironet Wireless Communications, Inc. is a developer of high-speed wireless LAN products.

Buy $799M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-16 Worldwide Data Systems

Howell, New Jersey, United States

Worldwide Data Systems is a provider in consulting and engineering services for converged data and voice networks.

Buy $26M