« Microsoft and Intel back HD DVD | Main | Splashpower showcases wireless recharging stations at CEATEC Japan 2005 »
October 3, 2005
Cisco to Purchase Nemo Systems for $12.5 Million
 |
Cisco announced the purchase today of privately-held Nemo Systems, based in Los Altos, California. Nemo Systems is a developer of technology in the network memory space, which will allow Cisco to offer higher performance on their core switching platforms and services. The purchase agreement has Cisco paying up to $12.5 million in cash for Nemo Systems. As usual, the acquisition is subject to regulatory approvals, and is expected to be in stone by the end of the first quarter of Cisco's 2006 fiscal year which ends October 29th, 2005. |
Once incorporated into Cisco's products, the technology will allow customers to scale network systems and line card bandwidth while reducing the overall cost of high-performance networking systems. Upon close of the transaction, Nemo will become part of Cisco's Data Center, Switching and Security Technology Group (DSSTG) reporting to vice president and general manager Tom Edsall. |
Posted by geekblue at October 3, 2005 1:11 PM