San Jose, CA--November 19, 1996--Cisco Systems Inc. (San Jose, CA) announced it has completed the purchase of privately held Netsys Technologies through a stock purchase.
By the terms of the October 14 agreement, Cisco common stock, worth approximately $79 million, was exchanged for all outstanding shares and options of Netsys Technologies. Cisco has had a strategic reseller agreement with and held a minority equity interest in Netsys since February 1995.
Cisco will integrate Netsys' network infrastructure management tools with Cisco IOS technologies to simplify network management and planning for customers. By leveraging the graphical World Wide Web and Internet technology to manage today's hybrid internetworks, Netsys' standards-based software technology helps provide a consistent and overarching network management capability that is an important complement to emerging Web-based management solutions.
San Jose, CA
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