dcsimg

Cisco Out For Nemo

The networking giant pays $12.5M for Nemo to get some system help.

WEBINAR:

How to Help Your Business Become an AI Early Adopter


On-Demand

Posted September 30, 2005
By

Colin C. Haley


Continuing a string of small but strategic acquisitions, Cisco Systems will pay $12.5 million in cash for Nemo Systems.

Nemo will allow Cisco to add memory space and enhance the performance of its core switching platform and service modules. For enterprise customers, that means it will be easier to scale their systems and reduce overall costs.

The purchase is expected to close by Oct. 29 pending regulatory approval. When it does, Nemo will become part of Cisco's Data Center, Switching and Security Technology Group (DSSTG), reporting to vice president and general manager Tom Edsall.

Nemo is privately held and based in Los Altos, Calif.

This article was first published on internetnews.com. To read the full article, click here.






Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.





×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.