Cisco Completes the Acquisition of Navini Networks
SAN JOSE, Calif., - December 19, 2007 - Cisco® today announced that it has completed its acquisition of Navini Networks, Inc., a leader in the Mobile WiMAX 802.16e-2005 broadband wireless industry. Navini is a pioneer in the integration of "Smart Beamforming" technologies with Multi-Input Multi-Output (MIMO) antennas, a combination that improves the performance and range for WiMAX services and lowers the overall deployment and operational costs for service providers.
Navini's WiMAX products will extend Cisco's market-leading Wi-Fi and Wi-Fi-Mesh portfolios, allowing Cisco to uniquely address the rapidly growing markets for portable broadband services. The acquisition will also help extend and enhance Cisco's Internet Protocol Next Generation Network (IP NGN) vision and will help drive broadband penetration to consumers and businesses in emerging countries.
Cisco selected Navini based on its industry-leading product portfolio, unmatched innovation and its real-world commercial deployments with service provider customers worldwide. Navini offers a leading portfolio of broadband WiMAX solutions with comprehensive offerings including base stations, adaptive antenna arrays, management systems and subscriber modems.
Cisco plans to integrate Navini into its Wireless Technology Group, under the Access Networking and Services Group.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
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