Fenwick & West LLP represented its client Cisco Systems, Inc. in its proposed acquisition of the intellectual property and related assets of Procket Networks, Inc., a developer of concurrent services routers. The Procket acquisition, valued at approximately $89 million in cash, is subject to regulatory approvals and other customary conditions, and is expected to close in the first quarter of Cisco's 2005 fiscal year, commencing August 2005. In the transaction, Cisco plans to hire a majority of Procket's world-class engineering team.
The Fenwick & West team was led by Douglas Cogen, Co-Chair of the firm's Mergers and Acquisitions Group, and partners Lisa Kenkel and Larry Granatelli (Intellectual Property), Scott Spector (Compensation), Walter Raineri (Tax) and Mark Ostrau (Antitrust). The team included John Shields, Catherine Curtiss, Devin Gensch, Karen Kitterman, Greg Sato, Chris Joslyn, Catherine Manley, Liza Morgan, Diana Lock, Rochelle Levy, Coleman Cannon, Michael Tang, Maryann Fratto and Stephen Gillen. Procket, based in Milpitas, California, was represented by the Venture Law Group of Heller Ehrman White & McAuliffe.
Press Inquiries should be directed to Douglas Cogen at 415.875.2409 or firstname.lastname@example.org.