News

Cisco Systems Acquires Parc Technologies

08.06.04

New York, August 6, 2004 - Cisco Systems, Inc. announced today the acquisition of privately held Parc Technologies, Ltd. which develops traffic engineering (TE) solutions and software for routing optimization. Parc is a spin off from a renowned center for research into search algorithms based at Imperial College, University of London. Parc's Route Server algorithms apply innovative technology to break up network routing problems involving complex Quality of Service constraints.

Redwood Capital served as exclusive financial advisor to

Parc Technologies in connection with the transaction.

About Redwood Capital

Redwood Capital Group is an investment banking firm serving the technology, communications and media industries.  The firm focuses on mergers and acquisitions and corporate finance advisory, private equity and asset management.

Additional information can be found at www.redcapgroup.com.

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