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Article: Cisco Systems to Acquire Global Internet Software Group, Invests in Parent Company Global Internet.Com; Windows NT Firewall Expertise to Complement Cisco's PIX Firewall Offerings.
- Article from:
- Business Wire
- Article date:
- June 24, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif.--(BUSINESS WIRE)--June 24, 1997--Cisco Systems, Inc. today announced it has signed a definitive agreement to acquire Global Internet Software Group, a wholly owned subsidiary of Global Internet.Com Inc. based in Palo Alto, CA. Cisco is also taking an undisclosed minority equity interest in Global Internet.Com. Global Internet Software is a pioneer in the Windows NT network security marketplace.
Under the terms of the acquisition, approximately $40.25 million cash will be exchanged for all outstanding shares of Global Internet Software. In connection with the acquisition, Cisco expects a one-time charge against after-tax earnings of between ...