Cisco Completes Acquisition of Fluidmesh Networks

Cisco announced today it has completed the acquisition of Fluidmesh Networks, a leader in resilient wireless backhaul solutions

Cisco to use Fluidmesh's products to support business resiliency for the growing demand of wireless in mission critical applications and on-the-move assets

Fluidmesh's technology is designed to provide zero loss of data transfer within high-speed assets including rail, subways, public transit, mining and ports

SAN JOSE, Calif. - July 7, 2020 - Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of Fluidmesh Networks, a leader in resilient wireless backhaul systems. Fluidmesh extends Cisco's industrial wireless offerings to industries with on-the-move assets and mission critical applications in situations where zero data loss is critical to uptime and business resiliency.

Cisco's scale, combined with Fluidmesh's solution-based offerings and relationships with systems integrators, accelerates Cisco's industrial IoT business, and enables wireless deployments within industrial envionrments. The combined offering addresses emerging use cases including remote operation of equipment and deploying autonomous robots to maximize productivity.

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Forward-Looking Statements

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 the acquisition enabling the extension of Cisco's industrial wi-fi position to on-the-move applications, helping to accelerate Cisco's Industrial IoT business and broaden its reach to key partners and end users, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding Fluidmesh personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of Fluidmesh due to the uncertainty about the acquisition, the retention of employees of Fluidmesh and the ability of Cisco to successfully integrate Fluidmesh 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 Ciscos 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.

LINK:	https://newsroom.cisco.com/press-release-content?type=webcontent&artic...
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