Thursday, June 13, 2024

Cisco Out For Nemo

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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.

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