Cisco Announces Intent to Acquire Truviso
(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA -- (Marketwire) -- 05/03/12 --
Cisco (NASDAQ: CSCO) today announced its intent to acquire privately held Truviso, Inc. Based in Foster City, Calif., Truviso provides scalable, real-time network data analysis and reporting software. Together, Cisco and Truviso will provide instant access and visibility into network use and services to help increase operational efficiencies and drive new revenue streams for customers.
The proliferation of end-user devices and growth in network-connected applications is exponentially increasing the amount of data on the network. Both service provider and enterprise customers are looking for ways to better understand this data and act upon it in real-time to improve operations, customer experiences, and service offering differentiation. Truviso's continuous query technology, with its analyze-first, store-later capability, addresses this requirement by allowing companies to get detailed information and visibility of network use and services in real-time.
Truviso's software analytics further strengthens Cisco's network management platform, Cisco Prime, with the core technology to gather and analyze streaming data.
"Customers want to be able to tap into and better analyze the enormous volume of data traversing their networks to identify ways to enhance services and generate new revenue opportunities," said Jamie Lerner, vice president and general manager, Cisco Network Management Technology Group. "Embedding Truviso's real time business intelligence into the network will help customers unlock these capabilities at the speed of the network."
The Truviso acquisition reinforces Cisco's commitment to delivering intelligent networks and supports its five foundational priorities -- core, data center, virtualization, collaboration, and video -- with differentiated analytics technology. The Truviso team will be integrated into the Cisco Network Management Technology Group.
Specific financial terms of the transaction are undisclosed. The acquisition of Truviso is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco's fiscal year 2012.
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding Truviso personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of Truviso due to the uncertainty about the acquisition, the retention of employees of Truviso and the ability of Cisco to successfully integrate Truviso and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
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