Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking, in its acquisition of Cariden Technologies, Inc., a supplier of network planning, design and traffic management solutions for telecommunications service providers. Under the terms of the acquisition agreement, Cisco will pay approximately $141 million in cash and retention-based incentives in exchange for all shares of Cariden. The acquisition will allow providers to enhance the visibility, programmability and efficiency of their converged networks, while improving service velocity. More information is available through the announcement on Cisco’s website.
The Fenwick transaction team included Doug Cogen, Lynda Twomey, Niki Fang and Thomas Kang, technology transaction attorneys Stephen Gillespie, Morgan Fong, Christopher Joslyn, Sophia Chen, Michael Riskin and Ranjit Narayanan, executive compensation attorneys Scott Spector and Adriana Sherwood and tax attorney Ron Schrotenboer.