Cisco Systems will acquire BCN Systems, a privately-held developer of software for routing applications, for approximately $34 million in cash. In addition, the acquisition price may be increased by as much as $122M depending on the degree to which certain development and product milestones are met after close. Cisco said BCN's technology and expertise will contribute to the continued evolution of its routing platforms and will support Cisco's ongoing efforts to speed the delivery of next-generation data, voice and video services over a converged network. The BCN team will become a part of Cisco's Routing Technology Group, under senior vice presidents Prem Jain and Mike Volpi. http://www.cisco.comhttp://www.bcn-inc.net/
- BCN Systems, which is based in Santa Clara, California, was founded in April 2004 and has 45 employees.
- BCN Systems was founded by Michael Beesley, who was the lead engineer on several mid-range routers at Cisco including the c4500/4700 and c7200 up until his departure in 1997. Beesly later served at Juniper Networks, where he was one of the lead engineers on the M40, the lead engineer on the M20 and pivotal in the design and implementation of the T640.
