Cisco Spending $12.5M To Buy Nemo - InformationWeek
IoT
IoT
News
News
9/30/2005
12:30 PM
50%
50%

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.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Video
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.
Flash Poll