Cisco Spending $12.5M To Buy Nemo - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Cisco Spending $12.5M To Buy Nemo

Cisco Systems on Friday said it plans to acquire Nemo Systems in a deal that will add network memory technology to its portfolio and enhance its core switching platforms and service modules.

Cisco Systems on Friday said it plans to acquire Nemo Systems in a deal that will add network memory technology to its portfolio and enhance its core switching platforms and service modules.

The San Jose, Calif., networking vendor plans to pay up to $12.5 million in cash to acquire the privately held company in a transaction expected to close in October.

Nemo, based in Los Altos, Calif., has developed network memory technology, which Cisco said it plans to incorporate into its products to allow customers to scale network systems and line card bandwidth.

Once the acquisition deal closes, Nemo will become part of Cisco’s Data Center, Switching and Security Technology Group under Tom Edsall, vice president and general manager.

Nemo was founded in 2003 to build semiconductors for network systems. Co-founder and CEO Nick McKeown is an associate professor of electrical engineering and computer science at Stanford University.

The acquisition represents another move by Cisco’s to expand its data center portfolio. This week, Cisco unveiled a new data-center architecture, including a new line of server fabric switches and virtualization software based on technology picked up via its acquisition of Topspin Communications earlier this year. Its new Server Fabric Switch and VFrame 3.0 lineup should ease utility computing deployments, solution providers said.

Shares of Cisco traded down 20 cents at $17.66 Friday afternoon following the announcement.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
News
IT Spending Forecast: Unfortunately, It's Going to Hurt
Jessica Davis, Senior Editor, Enterprise Apps,  5/15/2020
Commentary
Helping Developers and Enterprises Answer the Skills Dilemma
Joao-Pierre S. Ruth, Senior Writer,  5/19/2020
Slideshows
Top 10 Programming Languages in Demand Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  4/28/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll