Cisco (NASDAQ: CSCO) has announced its intent to acquire Whiptail, a Whippany, N.J.-based storage software company, for $415m.
Whiptail provides high performance, scalable solid state memory systems that enable organizations to simplify data center and virtualized environments and process more data in less time. Therefore, the acquisition is aimed to enable Cisco to strengthen its application performance by integrating scalable solid state memory into the Unified Computing System’s fabric computing architecture.
Following the acquisition, which is expected to be complete in the first quarter of fiscal year 2014, subject to customary closing conditions, the employees of Whiptail will be integrated into the Computing Systems Product Group led by Paul Perez, vice president and general manager of Cisco.
Backers in Whiptail include Ignition Partners, RRE Ventures, SanDisk Ventures, Silicon Valley Bank, and Spring Mountain Capital.
FinSMEs
10/09/2013
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