Cisco Completes Acquisition of Cloupia
Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately held Cloupia, a Santa Clara, Calif.-based software company that automates converged data center infrastructure -- allowing enterprises and service providers to simplify the deployment and configuration of physical and virtual resources from a single management console. This acquisition includes Cloupia's infrastructure management software and talent. When combined with Cisco's leading data center management solutions, Cloupia will enable enterprises and service providers to seamlessly manage pools of computing power, network services, storage and virtual machines as a unified whole in order to deploy and deliver IT services more rapidly and at lower costs.
The Cloupia team will be integrated into Cisco's Data Center Group. Under the terms of the agreement, Cisco paid approximately $125 million in cash and retention-based incentives in exchange for all shares of Cloupia.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.