Multiven Announces Cisco's Settlement of its Antitrust Lawsuit

REDWOOD CITY, Calif., Aug. 2 /PRNewswire/ -- Multiven, Inc. today announced that Cisco Systems, Inc. has entered into a confidential agreement to settle Multiven's antitrust lawsuit which was filed on December 1, 2008. The complaint alleged that Cisco harmed Multiven and consumers by bundling and tying software bug fixes, patches and updates for its operating system and application software to its maintenance services ("SMARTnet").

"We are pleased that the concerns raised in our complaint against Cisco are now successfully resolved and look forward to competing and providing consumers with further choice and value when procuring Internet infrastructure maintenance services." stated Peter Alfred-Adekeye, CEO of Multiven.

This settlement, with an effective date of July 19, 2010, resolves Multiven's antitrust lawsuit as well as Cisco's counterclaims against Multiven, Pingsta and Peter Alfred-Adekeye, which have all been dismissed.

About Multiven

Multiven provides Internet Service Providers, Enterprises, Governments and Academia worldwide with an industry-first direct-to-expert multivendor network infrastructure technical support, maintenance and vendor-neutral trusted-advisor consulting services. Multiven customers enjoy improved network availability and reduced network maintenance and capital expenditures. For more about Multiven, please visit www.multiven.com.

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SOURCE Multiven