Cisco Systems Completes Acquisition of Parc Technologies, Ltd.

August 6, 2004 -- Cisco Systems, Inc., today announced it has completed the acquisition of privately held Parc Technologies, Ltd. of London, United Kingdom. On July 8, 2004, Cisco announced a definitive agreement to acquire Parc Technologies, which develops traffic engineering (TE) solutions and software for routing optimization. Parc was a spin off from a renowned center for research into search algorithms based at Imperial College, University of London. Initially, Parc's technology will be used by Cisco in planning and optimization tools for Multiprotocol Label Switching (MPLS) TE.