Cisco Systems, Inc. agreed to acquire Cognitive Security s.r.o. from Credo Stage 1, a fund of Credo Ventures, Martin Rehák, Michal Pechoucek, Karel Obluk, RSJ Private Equity uzavrený podílový fond a.s. and other investors.
January 29, 2013
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Cisco Systems, Inc. (NasdaqGS:CSCO) agreed to acquire Cognitive Security s.r.o. from Credo Stage 1, a fund of Credo Ventures, Martin Rehák, Michal Pechoucek, Karel Obluk, RSJ Private Equity uzavrený podílový fond a.s. and other investors on January 29, 2013. Cognitive Security's employees will be joining Cisco's Security Technology Group, led by Senior Vice President Chris Young. The acquisition is subject to approval by the Cisco's shareholders and is expected to close in the third quarter of 2013.
Kris Withrow, Doug Cogen, Ken Myers, Mathew Stewart, Christine Chen, Allison Cooper and Adam Andrews, Stephen Gillespie, Christopher Joslyn, Morgan Fong, Ranjit Narayanan, Gerald Audant and Adriana Sherwood, Ron Schrotenboer and Ora Grinberg of Fenwick & West, LLP and Jan Myska, Prokop Verner, Michal Dusek, Ondrej Kramolis, Jakub Cech, Jaroslav Baier, Vitezslav Semora, Martin Kocanda, Radek Novotny of Allen & Overy acted as legal advisors for Cisco Systems. Michal Smrek of White & Case, L.L.P. acted as legal advisor to Credo Ventures. Pav Younis, Martin Lukáš and Ondrej Havlícek of Weinhold acted as legal advisor for Cognitive Security and certain selling shareholders.
Cisco Systems, Inc. is the world leader in designing, developing, and marketing Internet network equipment. Net sales break down by family of products and services as follows:
- network equipment (68.9%); switches and routers, technological software and systems (storage, Internet access, and security systems, wiring, gateways, connection interfaces and modules, etc.), etc.;
- services (24.3%): technical assistance, network design, execution, and integration services, etc.;
- security products (6.8%).
Net sales are distributed geographically as follows: Americas (58.7%), Europe/Middle East/Africa (26.6%) and Asia/Pacific (14.7%).
Cisco Systems, Inc. agreed to acquire Cognitive Security s.r.o. from Credo Stage 1, a fund of Credo Ventures, Martin Rehák, Michal Pechoucek, Karel Obluk, RSJ Private Equity uzavrený podílový fond a.s. and other investors.
CISCO SYSTEMS, INC. 
