EX-99.1 2 f699768kex99-1.txt EXHIBIT 99.1 1 EXHIBIT 99.1 PRESS RELEASE PRESS CONTACT: INVESTOR RELATIONS CONTACT: Robyn Jenkins Roberta DeTata Cisco Systems, Inc. Cisco Systems, Inc. (408) 853-9848 (408) 527-6388 rojenkin@cisco.com redetata@cisco.com INDUSTRY ANALYST RELATIONS CONTACT: Dora Ferrell Cisco Systems, Inc. (408) 527-4202 dferrell@cisco.com CISCO SYSTEMS COMPLETES ACQUISITION OF EXIO COMMUNICATIONS, INC. SAN JOSE, Calif., Feb. 26, 2001 -- Cisco Systems, Inc., today announced it has completed the acquisition of privately held ExiO Communications, Inc. On Dec. 14, 2000, Cisco announced a definitive agreement to acquire ExiO Communications, Inc., a leading developer of in-building, wireless technologies for corporate networks based on standard, Code Division Multiple Access (CDMA) technologies. The acquisition enhances Cisco's New World strategy for addressing the in-business wireless market requiring a solution based on next-generation CDMA technologies. ExiO's wireless telephony solution builds on Cisco's existing wireless technology that enables enterprise customers to add the convenience of mobility to voice-over-IP (Internet Protocol) services. This acquisition is being accounted for as a purchase. ABOUT CISCO SYSTEMS Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com. # # # Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners.