Cisco Systems, Inc., (NASDAQ: CSCO) today announced a definitive agreement to acquire privately held Five Across, Inc. of San Francisco, Calif., a leading vendor in the social networking marketplace.
Five Across was founded in 2003 and has 11 employees in San Francisco, Calif.. Upon close of the transaction the Five Across team and product portfolio will be integrated into CMSG led by Scheinman.
The terms of the acquisition were not disclosed. The acquisition is subject to various standard closing conditions and is expected to close in the third quarter of Cisco's fiscal year 2007, ending April 28, 2007.
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Cisco Systems, Inc., (NASDAQ: CSCO)
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