Cisco - FEATURED ARTICLES
July 17, 2012
Cisco News - Cisco Acquires Virtuata, Enhances Security and Data Center Efficiency
By Ed Silverstein, TMCnet Contributor
Under the deal, Cisco and Virtuata will provide security for virtual machines. The acquisition builds on Cisco's existing data center and cloud portfolio, the company said in an online statement.
“This acquisition is highly complementary to Cisco’s vision of a unified data center that securely connects people and businesses with applications and data through virtual and cloud environments,” according to a Cisco company blog post. “The Virtuata acquisition is well aligned to our strategic goals to develop innovative virtualization, cloud and security technologies, while also cultivating top talent.”
Virtuata employees will become part of Cisco’s Data Center Group, led by David Yen.
Earlier this year, Cisco announced it would acquire NDS (News - Alert) Group Ltd. for $4 billion, according to The Wall Street Journal. NDS is a video software maker and the acquisition represents the biggest deal for Cisco in over two years.
More recently, Cisco has purchased start-ups and relatively small companies. For instance, Cisco was to take over Truviso Inc., a data analysis and reporting software maker. The firm was also to acquire ClearAccess, which makes customer-premises equipment management software, WSJ said.
Last year, Cisco also began to concentrate on such products as routing and switching gear.
In other matters, during May Cisco reported Q3 net sales of $11.6 billion, net income (GAAP) of $2.2 billion and non-GAAP net income of $2.6 billion, according to TechZone 360.
"We are successfully executing against our long-term strategic plan of growing profit faster than revenue, and in a cautious IT spending environment, we continue to outperform our competitors,” said John Chambers (News - Alert), Cisco chairman and CEO. “In a world of clouds, video and mobile device proliferations, the role of the intelligent network has never been greater and our value proposition with our customers is the strongest it has ever been.”
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Edited by Braden Becker