Cisco Completes Acquisition of Viptela
Vision & Strategy, Collaboration
SAN JOSE, Calif. – August 1, 2017 – Cisco (NASDAQ: CSCO) announced today it has completed the acquisition of Viptela Inc., a privately held software-defined wide area network (SD-WAN) company based in San Jose. Viptela will expand Cisco's SD-WAN portfolio with increased flexibility and simplicity delivered through the cloud.
In June, Cisco unveiled a new generation of intent-based networking solutions that represent one of the most significant breakthroughs in enterprise networking history. The intuitive network constantly learns, adapts, automates and protects, providing organizations with an intelligent and secure platform for digital transformation. The acquisition of Viptela fits into Cisco's strategic transition towards a software-centric, subscription-led networking model.
Viptela provides a compelling SD-WAN solution with advanced routing, segmentation and security capabilities for interconnecting complex enterprise networks. Its cloud-based network management, orchestration and overlay technologies make it easy to deploy and manage SD-WAN.
Cisco will commit significant engineering resources to bring next-generation SD-WAN solutions based on Viptela's industry leading technology to market. It will combine Viptela's cloud-first network management, orchestration and overlay technologies with industry-leading enterprise routing platforms and solutions from Cisco.
The Viptela team will join the Enterprise Routing team within the Networking and Security Business led by senior vice president David Goeckeler.
Cisco acquired Viptela for $610 million in cash and assumed equity awards.
For more information about Cisco's acquisition of Viptela, please visit our blog.
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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 statements regarding Cisco's ability to deliver a comprehensive portfolio of comprehensive on-premises, hybrid, and cloud-based SD-WAN solutions, Cisco's ability to accelerate the path to developing next generation SD-WAN solutions, by combining Viptela's cloud first network management, orchestration and overlay technologies with industry-leading routing platforms, services, and SD-WAN capabilities from Cisco, ensuring continued support for customers, 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 Viptela personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due a variety of factors, including, among other things, obtaining regulatory approval of the acquisition or that other conditions to the closing of the transaction may not be satisfied, the potential impact on the business of Viptela due to the uncertainty about the acquisition, the retention of employees of Viptela and the ability of Cisco to successfully integrate Viptela 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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