Cisco Buys KiSS Technology

Cisco buys KiSS Technology for its Linksys VOIP and wireless division

July 22, 2005

1 Min Read

SAN JOSE, Calif. -- Cisco Systems® (Nasdaq:CSCO - News) today announced a definitive agreement to acquire privately-held KiSS Technology A/S of Horsholm, Denmark. This represents Cisco's second acquisition for its Linksys® division, the recognized leading provider of VoIP, wireless and networking hardware for home, Small Office/Home Office (SOHO) and small business environments. KiSS is a leading technology provider for networked entertainment devices and has a product portfolio that includes home video products such as networked DVD players and networked DVD recorders. KiSS's technology platform also has the capability to extend to other consumer electronics products and will help Linksys develop a unique, networked entertainment product suite

Under the terms of the agreement, Cisco will pay approximately $61 million in cash and stock in exchange for all shares of KiSS Technology. The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the first quarter of Cisco's fiscal year 2006.

"As more and more entertainment content is delivered over the Internet and as consumers demand access to digital entertainment inside and outside of their home networks, networked entertainment devices will become an integral part of Consumer Electronics," said Charles Giancarlo, Cisco Chief Technology Officer and Cisco-Linksys president. "KiSS has emerged as a leader in networked video and audio products in Europe and we hope to use that expertise to expand worldwide."

Cisco Systems Inc.

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