Cisco Systems (NASDAQ:CSCO) is now officially one asset larger. The company announced it has finalized the acquisition of once-privately held data visualization specialist Composite Software. Last month, Cisco inked a deal to buy the firm for roughly $180 million in cash and retention-based incentives.
Composite Software, currently headquartered in the near-Silicon Valley city of San Mateo, is to be folded into its new owner's services platforms and integration brokerage technology units.
In the press release announcing the news, Cisco touted the synergies of the acquisition, saying that Composite Software "will expand Cisco's portfolio of Smart Services and extend our next-generation services platform by connecting data and infrastructure."
Fool contributor Eric Volkman has no position in Cisco Systems. The Motley Fool recommends Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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