Cisco has announced plans to acquire the data virtualisation software and services provider Composite Software for $180m, through cash and retention-based incentives.
The acquisition is expected to expand Cisco’s portfolio of smart services as well as extend its services platform by connecting data and infrastructure that will allow to better leverage network knowledge and programmability.
The acquisition is subject to customary regulatory approvals and is expected to complete in the first quarter of fiscal year 2014.
Cisco president and chief operating officer, Gary Moore, said that the company plans to create a next generation IT model that provides application to help solve its customers’ business problems.
"By combining our network expertise with the performance of Cisco’s Unified Computing System and Composite’s software, we will provide customers with instant access to data analysis for greater business intelligence," Moore said.
The move is expected to support Cisco’s framework for a unified platform and software services strategy of SolveDirect, while the Composite’s data virtualisation application can be integrated with SolveDirect’s process integration platform to offer cross-domain data and workflow integration capabilities to offer real time business insights and operations.
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