8-KOther Events

CISCO SYSTEMS, INC. 8-K Report (Dec 27, 2002)

Filed December 27, 2002For Securities:CSCO

Summary

This Cisco Systems, Inc. (CSCO) 8-K filing from December 27, 2002, reports on a significant event: the completion of the acquisition of Psionic Software, Inc. This move signals Cisco's continued strategy of inorganic growth, likely aimed at expanding its technological capabilities or market reach in the software domain. Investors should note this as a potential indicator of future product development or strategic shifts within the company. The acquisition of a privately-held company like Psionic Software, Inc. suggests Cisco is actively seeking out innovative technologies or complementary businesses. While the financial details of the Psionic acquisition are not disclosed in this specific filing, it's a transaction that investors will want to monitor for its impact on Cisco's future financial performance and competitive positioning in the market.

Key Highlights

  • 1Cisco Systems, Inc. (CSCO) announced the completion of its acquisition of privately-held Psionic Software, Inc.
  • 2The acquisition was officially announced on December 23, 2002.
  • 3Psionic Software, Inc. was a Delaware corporation.
  • 4This filing is an 8-K Current Report, indicating a material event.
  • 5The press release detailing the acquisition is included as Exhibit 99.1.
  • 6The filing was made on December 26, 2002, with an event date of December 22, 2002.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce and report on Cisco Systems, Inc.'s completion of the acquisition of Psionic Software, Inc.

Cisco Systems acquired Psionic Software, Inc., a privately-held company.

No, the financial terms of the acquisition are not detailed in this specific 8-K filing. The filing primarily serves to announce the completion of the transaction and includes the press release as an exhibit.

While not explicitly stated in this filing, acquiring Psionic Software, Inc. suggests Cisco is pursuing strategic growth by integrating new technologies or capabilities, likely in the software space, to enhance its product offerings or market position.