Cisco has completed the acquisition of Composite Software for approximately $180 million in cash: stakes and opportunity.
If Cisco was poorly positioned in data virtualization
software and services, henceforth, since yesterday, this gap has been filled by
the acquisition of Composite Software. This means, Composite
will expand Cisco's portfolio of Smart Services and extend its next-generation
services platform by connecting data and
infrastructure.
infrastructure.
Connectikpeople may recall that, Composite Software provides software
technology that connects many types of data from across the network and makes
it appear as if it's in one place.
Under the terms of agreement, Composite employees will join the Cisco
Services team, under the leadership of Mala Anand, senior vice president, Cisco
Services Platforms Group and Mike Flannagan, senior director and general
manager of the Integration Brokerage Technology Group.
About Cisco
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seize the opportunities of tomorrow by proving that amazing things can happen
when you connect the previously unconnected.