Cisco to Acquire Composite Software

Highlighting the continued importance of data virtualization, Cisco Systems (NASDAQ: CSCO  ) announced this morning it would acquire privately held Composite Software, a data virtualization software and services specialist, for approximately $180 million in cash and retention-based incentives.

By consolidating the data in a simplified view, Composite's software helps businesses quickly integrate and analyze data and workflow across platforms, taking into account the cloud, as well as big data. This allows businesses to make better, more informed decisions in real time. Through this connection, companies can better leverage their network knowledge and programmability, maximizing the benefits of data virtualization, because it appears as if it's all in one place.

Cisco President and COO Gary Moore said: "By combining our network expertise with the performance of Cisco's unified computing system and Composite's software, we will provide customers with instant access to data analysis for greater business intelligence."

Upon completion of the acquisition, Composite will be operated under Cisco's services platforms group and its integration brokerage technology group. The deal is expected to close in the first quarter of fiscal year 2014.

Cisco's shares are down 0.6% to $24.54 in early morning trading.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2501829, ~/Articles/ArticleHandler.aspx, 4/21/2014 6:23:51 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement